Introducing the KvarnPortugal Fund
The KvarnPortugal Fund is a pioneering investment opportunity that merges cryptocurrency exposure with the potential for Portuguese residency or citizenship. This innovative fund has been created through a collaboration between Fundbox, a respected Portuguese fund management firm, and Kvarn X, a prominent European cryptocurrency investment platform.
Investment Details and Fees
Investors interested in joining the KvarnPortugal Fund should be aware of the important financial aspects. The subscription period for the fund is set to conclude in February 2027. The fund operates with a management fee of 0.05% and a one-time subscription fee of 2.5%. Additionally, prospective investors will need to pay a €1,250 (approximately $1,289) fee for know-your-customer (KYC) compliance.
For those not seeking Portuguese residency, the minimum investment requirement stands at €100,000. Conversely, investors aiming for residency must commit a minimum of €500,000.
Portfolio Allocation and Strategy
The KvarnPortugal Fund has a defined strategy for asset allocation. It dedicates 80% of its portfolio to Bitcoin (BTC), the leading cryptocurrency, while the remaining 20% is invested in the CoinDesk 20 Index. This index allows investors to gain exposure to a diverse selection of large-cap cryptocurrencies, optimizing potential returns.
Alan Campbell, president of CoinDesk Indices, emphasizes that the KvarnPortugal Fund cleverly aligns “financial opportunity with real-world utility” by integrating the CoinDesk 20 Index into a residency-by-investment framework. He describes the index as “the industry’s most liquid benchmark,” underscoring its significance in the cryptocurrency market.
Pathway to Residency through the Golden Visa Program
For investors aiming to leverage their investment for residency in Portugal, the route is facilitated through the country’s Golden Visa program. To qualify, investors must commit a minimum of €500,000 and fulfill the requirement of spending at least 35 days in Portugal over a span of five years. It is essential for investments to be made via a Portuguese bank account to meet the program’s criteria.
In summary, the KvarnPortugal Fund offers a unique blend of cryptocurrency investment and the opportunity for residency in Portugal, making it an appealing option for both investors and those seeking a new life in Europe.
