Ledn Provides Compliant Path to Cayman Islands Permanent Residency through Crypto

Ledn Provides Compliant Path to Cayman Islands Permanent Residency through Crypto
Source: Ledn

Reported The Block, crypto lender Ledn has joined forces with crypto real estate broker Parallel, enabling investors to finance and acquire Cayman Islands properties by leveraging their digital assets.

The initiative helps crypto natives to secure a "Golden Visa" and permanent residency in the British Overseas Territory without having to sell their cryptocurrency or exchange it for fiat, according to a statement.

It works by allowing users to leverage their bitcoin for Ledn loans and subsequently purchase properties via Parallel in a compliant way. The loans start with a 50% loan-to-value ratio at an annual interest rate of 12.9%.

The "Golden Visa" is a part of citizenship-by-investment programs available in 22 countries globally, including Portugal, Spain, Italy and the U.S. (via the EB-5 Investor Visa). It offers investors a chance at permanent residency, leading to potential citizenship. In the Cayman Islands, the quickest path to residency requires a minimum real estate investment of $2.4 million.

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