Bitcoin investment fund Unbound Fund opens doors to EU citizenship via indirect investment into Bitcoin worth 500K euros ($542K). The fund invests 100% in passive Bitcoin holdings and buys BlackRock ETFs to drive security and simplicity into the fund.
Exchange-traded funds (ETFs) are better known for their integrity and reliability, unlike virtual assets, which are highly volatile. Cofounder and CEO of Unbound Fund Alessandro Palombo confirmed the offering via an X post.
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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 (@0x_ale) July 23, 2024
The Palombo clarified that Unbounded provides Portugal citizenship to its customers through the Portugal Golden Residence Permit Program. This initiative refers to the state’s five-year residence-by-investment scheme for people outside Europe. Nevertheless, Unbounded Fund is the only one currently providing this type of traditional citizenship through investment and exposure to cryptocurrency.
After enrolling investments via depositing fiat currencies, users receive funds in standard units in return, which are then invested into the Unbounded Labs through BlackRock ETFs. The new investment opportunity has received the green light since its inception and has onboarded many customers. Still, the company sees new collaborations to expand its network and offerings globally. Saying Bitcoin is a tool of freedom, the founder of the company added:
I believe it’s time to use Bitcoin as a tool for freedom of movement in a mutually beneficial way with Portugal, a country I have chosen to live in with my family.
BDO Audit Unbound Funds to Ensure Transparency and Security
Green One Capital manages the funds of the Unbound Fund, which has established a three-member committee to advise the fund manager. The committee relies on an independent industry expert, a fund manager’s advisor, and a chair appointed by Green One Capital.
The investment firm practices rigorous audits conducted by the international accounting firm Binder Dijker Otte (BDO). It allows investors access to the audits, ensuring investment transparency and security. Moreover, the company’s funds are deposited into a crypto custody bank, and Portuguese authority involvement to ensure integrity further ensures investment safety.
Bitcoin investment paving the way for the Portugal Golden Visa program is an original investment approach Ubounded Funds offers. Besides securing EU citizenship for the investors, this investment will also educate people about Bitcoin.
Speaking on EU residency via investment and responding to interested customers, Alessandro Palombo has noted in an X post:
Here are some important notes: – We are sending tonight the first batch of emails to everyone who applied via our website or DMed me until midnight Lisbon time, July 23rd. You will receive documents and materials. Please read them and get back to us. If you are strongly interested, we will prioritize you. – @unboundfund I has 60 spots available, and we will follow a first-come, first-served basis.
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