Top Highlights

• A new private equity fund will let overseas investors earn Portuguese and European Union citizenship by indirectly investing in Bitcoin, the project’s co-founder and CEO said last week.
• Unbound Fund touts itself as the first “Web3 fund” to participate in Portugal’s golden visa program, which allows foreigners who invest a minimum of €500,000 (about $544,000 worth) in local companies or assets to gain residency status and EU citizenship without living in the country.
• Participating funds are required to keep at least 60% of their portfolios in Portuguese companies.
• Unbound investors must each buy shares worth at least €500,000 using fiat currency, Palombo said.
• He added that the fund’s operations would be subject to independent audits, and that Bitcoin price fluctuations will not affect investors’ golden visa eligibility—even if the value of their investment drops below €500,000.

Domain