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January 25th, 2023
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Ledn & Parallel Partner on Crypto-Backed Real Estate Investments in the Cayman Islands
Release | Aug 28, 2023
Image: Unsplash/Marc Babin
In an exciting development for digital asset enthusiasts, Ledn and Parallel have collaborated to pave the way for crypto-backed real estate investments in the Cayman Islands.
- This partnership allows crypto holders to use their assets as collateral for loans, enabling them to dive into the Cayman Islands' real estate market without resorting to fiat currency.
- Ledn and Parallel's collaboration isn't just innovative; it's also compliant with regulatory standards. Both companies are recognized and regulated by the Cayman Islands Monetary Authority as Virtual Asset Service Providers. This ensures that their services adhere to the stringent guidelines set by the regulatory body, providing an added layer of trust and security for investors.
See: Ledn Receives VASP Regulatory Approval in the Cayman Islands
- Parallel's transaction services have been designed to seamlessly connect crypto investors with non-crypto real estate sellers. This integration ensures that property purchases remain smooth, irrespective of the chosen mode of payment.
- For those considering taking out a Ledn loan using their crypto assets, it's essential to note the specifics. Investors can use Bitcoin as collateral. The loan-to-value ratio starts at 50%, with an annual interest rate set at 12.9% APR. These terms provide clarity for potential borrowers, ensuring they make informed decisions.
The Lure of Cayman's Real Estate Lifestyle
- The real estate market in the Cayman Islands is diverse and thriving. Whether you're considering relocation or eyeing a vacation home, there's something for everyone. Parallel's achievements, including facilitating property transactions ranging from US$1 million to US$12 million since 2022, highlight the market's vast potential.
See: List of Digital Nomad Visas (TechPats) by Country
- The Cayman Islands, along with several other countries, offers the "Golden Visa" as part of their citizenship-by-investment programs. This initiative not only provides investors with a chance for permanent residency but also opens a potential path to future citizenship. With the combined efforts of Ledn and Parallel, even crypto-native investors can now leverage this program, using their Bitcoin and USDC to make real estate investments in the Cayman Islands.
Why Wait?
- As the world evolves, so do the opportunities for investments, and what better place to consider than the Cayman Islands? Renowned for its pristine beaches, vibrant culture, and a lifestyle that promises both relaxation and luxury, life in the Caymans is nothing short of a dream.
- With the added advantage of crypto-backed real estate investments, that dream is now within reach for many. So, as you contemplate your next investment move, remember that a piece of paradise in the Caymans, backed by the power of digital assets, awaits you.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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