The United Arab Emirates has launched a blockchain-based Golden Visa initiative in partnership with Toncoin, enabling foreign investors to secure 10-year residency by staking Toncoin tokens. Eligible participants must lock $100,000 worth of Toncoin for a minimum of three years, receiving both residency rights and an estimated 3-4% annualized return.
Applicants undergo a streamlined process requiring a non-refundable $35,000 handling fee, with visa approvals typically finalized within seven weeks of document submission. This mechanism leverages the transparency and efficiency of blockchain technology for residency applications.
Toncoin trades at approximately $2.90 with market capitalization surpassing $7 billion, reflecting strong investor confidence. Market analysts suggest the program could spur governmental blockchain adoption globally while enhancing market liquidity and stability.
The initiative represents a landmark integration of cryptocurrency into national residency frameworks, positioning the UAE as an innovation hub. Its success may catalyze broader use of blockchain solutions in public sector processes and long-term investment models.