The new fund offers bitcoin holders the opportunity to obtain EU citizenship through Portugal's Golden Visa program.
Hold #Bitcoin and acquire Portuguese/EU Citizenship
It is now possible to acquire Portuguese/EU citizenship by indirectly holding #Bitcoin worth €500K.
I am excited to introduce https://t.co/DgqCyGTfgv
Unbound Fund is the first Golden Visa eligible fund that gives you… pic.twitter.com/SVJjjg8x70
Alessandro Palombo, co-founder and CEO of the Unbound Fund, spoke about the opportunity to become a participant in the state program when investing €500,000 in cryptocurrency through the fund. According to him, the structure was the first to receive the right to participate in the "golden visa" initiative with investments in bitcoin.
Palombo said that the Unbound Fund invests with 100% passive ownership of digital gold and does not try to determine the time for the sale of assets. The fund will also buy BTC-ETF shares from BlackRock for "security and simplicity."
"I think it's time to use bitcoin as a tool for freedom of movement on a mutually beneficial basis with Portugal, the country I chose to live with my family," the entrepreneur said.
He stressed that the European Citizenship by Investment program is the best for "technical and strategic reasons."
Palombo noted that the Unbound Fund has already attracted the first customers, partners and is negotiating with complementary teams.
Recall that in December 2023, the authorities of El Salvador launched a program that provides a residence permit and a chance to obtain citizenship for investments in the country in the amount of $ 1 million through bitcoin or USDT.
In July 2024, it became known that the Bitfinex Securities platform had abandoned the idea of tokenizing the construction of the Hampton by Hilton hotel at El Salvador International Airport. The initiative announced in April failed to attract even initial funding in the amount of $500,000.