Ledn, registered in the Cayman Islands as a virtual asset service provider (VASP), will provide holders of the first cryptocurrency with the opportunity to use their BTC as collateral when obtaining mortgage loans for subsequent investment in real estate on the islands.
To qualify for permanent residence, cryptocurrency owners must invest more than $2.4 million in real estate in the island nation. In addition, crypto asset owners will be able to redeem the property by paying for the purchase with bitcoins or stablecoins backed by the US dollar.
Earlier, the Taiwan Digital Authority issued Ethereum co-founder Vitalik Buterin the so-called “golden residence permit” – a document with the right to freely enter the island at any time.
Source: Bits
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