Digital asset holders can now leverage their crypto for loans to purchase real estate in the Cayman Islands thanks to a new partnership between Ledn and Parallel. The two companies will provide a seamless financing solution for those looking to invest in real estate in the Cayman Islands. The partnership combines Ledn's expertise in financial services with Parallel's pioneering work in crypto-based, real estate transactions. Both companies are regulated by the Cayman Islands Monetary Authority (”CIMA”) as Virtual Asset Service Providers.

The partnership will allow individuals to use their digital assets as collateral for Ledn loans, providing a completely fiat-free solution for those looking to invest in real estate in the Cayman Islands.  Parallel’s seamless transaction services allow crypto investors to purchase real estate from non-crypto investors, bridging the gap between crypto and traditional banking.

The partnership is expected to attract a wide range of real estate investors, especially those seeking to take advantage of Cayman’s “Golden Visa'' program.

A "Golden Visa” is part of the citizenship-by-investment programs currently available in 22 countries around the world, including the Cayman Islands, Spain, Grenada, Switzerland, the United States, Greece, and others. These initiatives allow investors to qualify initially for permanent residency — and ultimately open a path to citizenship in the future.

Now, Ledn and Parallel's collaboration expands these benefits to crypto-native investors as well, providing them with a compliant and seamless way to purchase a piece of Cayman paradise. By leveraging their Bitcoin and USDC holdings with Ledn, investors will be able to then use them to purchase real estate through Parallel.

Cayman’s real estate market is particularly robust and offers a wide range of properties to suit most budgets which makes it convenient for individuals looking to relocate to the Cayman Islands or those looking to purchase a vacation home.

Since its first sale of a Cayman home using cryptocurrency in the summer of 2022, Parallel has already facilitated a slew of other property purchases, ranging from US$1 million up to US$12 million.  

To take out a Ledn loan, crypto investors can initially use Bitcoin as collateral. Similar to Ledn’s already existing loan products, clients would need to be able to start with a 50% loan-to-value ratio, at an annual interest rate of 12.9% APR.

For more information on working with Ledn and Parallel to use your digital assets to invest in Cayman real estate, please reach out to: info@parallel.ky.