A new investment vehicle, the KvarnPortugal Fund, is set to allow investors a way to gain exposure to the cryptocurrency sector while also presenting a potential pathway to Portuguese residency or citizenship.
The fund is the result of a partnership between Fundbox, a Portuguese fund management company, and Kvarn X, a European cryptocurrency investment platform.
The fundโs subscription period ends in Feb. 2027, according to its website, and features a 0.05% management fee, along with a one-off 2.5% subscription fee. On top of these, investors also have to cover a โฌ1,250 ($1289) know-your-customer (KYC) fee.
The fund has an 80/20 profit share. For investors that arenโt after Portuguese residency, the minimum investment is โฌ100,000.
The fund is set to allocate 80% of its portfolio to bitcoin (BTC), and the remaining 20% to the CryptoX 20 Index, which offers exposure to a broad range of large-cap cryptocurrencies.
KvarnPortugal aligns โfinancial opportunity with real-world utilityโ by integrating the index into a fund facilitating residency-by-investment, said Alan Campbell, president of CryptoX Indices. The CryptoX 20 Index, he added, was โdesigned to serve as the industryโs most liquid benchmark.โ
To use the fund to gain residency in Portugal through the countryโs Golden Visa program, investors would have to commit a minimum of โฌ500,000 and spend at least 35 days in the country over five years. The investment will have to be made via a Portuguese bank account to qualify, according to the fundโs website.
