The new fund offers Bitcoin holders the opportunity to obtain EU citizenship through Portugal's Golden Visa program.

Co-founder and CEO of the Unbound Fund Alessandro Palombo spoke about the opportunity to become a participant in the state program by investing €500,000 in cryptocurrency through the fund. According to him, the structure became the first to receive the right to participate in the “golden visa” initiative with investments in Bitcoin.

Palombo said the Unbound Fund invests with 100% passive ownership of digital gold and does not attempt to time the sale of assets. The fund will also buy shares of BlackRock's BTC ETF for "safety and simplicity."

“I believe it is time to use Bitcoin as a tool for freedom of movement on a mutually beneficial basis with Portugal, the country I have chosen to live for 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 Unbound Fund has already attracted its first clients, partners and is in negotiations with complementary teams.

Let us 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 investing $1 million in the country through Bitcoin or USDT.

In July 2024, it became known that the Bitfinex Securities platform abandoned the idea of ​​​​tokenizing the construction of the Hampton by Hilton hotel at the international airport of El Salvador. Announced in April, the initiative failed to attract even $500,000 in seed funding. #BTC #BNB