TON Foundation Introduces 10-Year Residency Program in UAE

TON Foundation Introduces 10-Year Residency Program in UAE

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by Kofi Adjeman

9 months ago

Made with AI

The TON Foundation has introduced an innovative program aimed at attracting investors to the UAE by offering a unique residency opportunity. According to the official information, this initiative, announced on July 6, allows individuals to secure a 10-year residency by staking 100,000 worth of TON.

UAE Enhances Appeal for Crypto Investors

The program is designed to enhance the appeal of the UAE as a destination for crypto investors, providing them with a long-term residency option in exchange for their investment in TON. This move is part of a broader strategy to foster a thriving crypto ecosystem in the region.

Government Response to Residency Rumors

However, the UAE government has responded to recent online rumors claiming that the country is offering Golden Visas or residency through unofficial channels. Authorities have firmly denied these allegations, emphasizing that any residency programs must adhere to official regulations and procedures. This clarification aims to maintain the integrity of the UAE's immigration policies while promoting legitimate investment opportunities.

In a recent development, the Dubai Land Department has partnered with Ctrl Alt to enhance property registries through XRPL integration, marking a significant step in real estate modernization. This initiative contrasts with the TON Foundation's residency program aimed at attracting crypto investors. For more details, see further information.

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