- Crypto lender Ledn has collaborated with Parallel, the Cayman Islands’ top crypto real estate broker, enabling cryptocurrency investors to purchase Cayman real estate without converting to fiat currency.
- Investors can use their Bitcoin as collateral for Ledn loans and then acquire properties through Parallel, merging the worlds of digital assets and premium real estate.
- The partnership introduces the “Golden Visa” program, allowing investors to buy real estate and simultaneously qualify for the Cayman Islands’ citizenship-by-investment program.
In a groundbreaking partnership, Crypto lender Ledn has teamed up with Parallel, the Cayman’s leading crypto real estate broker. Their goal is to allow crypto holders to leverage digital assets to acquire tangible assets – like prime real estate in the Cayman Islands. This alliance not only promotes fiat-free real estate acquisitions but also introduces an attractive pathway to the coveted “Golden Visa” qualification.
The synergy between Ledn and Parallel is not a mere coincidence. Both firms are fully regulated by the Cayman Islands Monetary Authority (CIMA) as Virtual Asset Service Providers. Such regulation ensures that the crypto industry within the Cayman Islands grows responsibly, aligning with the global push for more regulated crypto spaces.
Founded in 2018, Ledn Inc. stands as a pivotal player in the crypto finance sector. With its extensive portfolio of services spanning across 130+ countries, Ledn is perpetually expanding its offerings and regions of support. Parallel Limited, on the other hand, has carved a niche for itself in the crypto real estate sector. In September 2022, the firm etched its name in history by becoming the inaugural crypto real estate escrow provider in the Cayman Islands.
Such feats showcase the growing appetite for integrating cryptocurrency with traditional assets, especially in luxurious real estate markets. Adam Reeds, CEO of Ledn, aptly expresses this sentiment: “We are proud to be working with Parallel and to benefit from their stellar track record of facilitating crypto real estate purchases.”
Tapping into the Lucrative Cayman Real Estate Market
The allure of the Cayman Islands goes beyond its pristine beaches and clear waters. The archipelago offers lucrative real estate opportunities, especially with its lack of property, capital gains, inheritance, or recurring taxes. It’s no wonder that there’s a 15% annual drop in property availability in the Caymans, pushing demand and causing a surge in home prices.
This is where the Ledn-Parallel partnership truly shines. By enabling crypto holders to utilize their Bitcoin as collateral for Ledn loans, these investors can channel these funds to secure properties via Parallel. As Laura Birrell, CEO of Parallel, beautifully articulates, “No longer will our clients have to decide between holding on to their crypto or purchasing that luxury property on Seven Mile Beach—now they can do both.”
Golden Visa: The Crown Jewel
Possibly the most enticing facet of this partnership is the introduction of the “Golden Visa” initiative. Through this program, crypto investors can purchase real estate, meeting the requirements for the Cayman Islands’ citizenship-by-investment program.
This “Golden Visa” notion isn’t unique to the Caymans; it’s prevalent in 22 countries, including the likes of Switzerland, the United States, and Greece. These initiatives enable investors to acquire permanent residency and set the foundation for future citizenship.
In the Cayman Islands, a fast track to permanent residency demands a minimum $2.4 million investment in real estate. Given the astronomical growth of cryptocurrency and the subsequent wealth accumulation for numerous investors, this presents an impeccable opportunity for those with significant crypto holdings to enter a promising real estate market.