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TON introduces an innovative UAE Golden Visa program, slashing the traditional entry cost by 80% through a $100,000 Toncoin staking requirement.
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This initiative offers a streamlined residency process with a 10-year visa, enabling crypto investors to secure UAE residency while retaining control over their staked assets.
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According to TON, applicants can expect visa approval in under seven weeks, with staking managed via decentralized smart contracts ensuring transparency and security.
TON’s new UAE Golden Visa program lowers entry costs by 80%, offering a 10-year residency through $100,000 staked Toncoin and a fast, secure approval process.
TON’s UAE Golden Visa Program Revolutionizes Residency Investment Thresholds
The Open Network (TON) has unveiled a groundbreaking approach to UAE residency by introducing a Golden Visa program that requires applicants to stake only $100,000 worth of Toncoin for three years, coupled with a one-time $35,000 processing fee. This represents a substantial reduction compared to conventional routes, which typically demand investments exceeding half a million dollars in real estate or fixed deposits.
This innovative model not only lowers the financial barrier but also leverages blockchain technology to enhance transparency and asset security. Applicants maintain ownership of their staked Toncoin via a decentralized smart contract, verifiable on the TON blockchain, ensuring that funds remain under their control throughout the residency period.
Strategic Benefits and Market Impact of TON’s Visa Offering
Industry experts have highlighted the program’s potential to attract high-net-worth individuals and crypto investors seeking residency in the UAE’s thriving economic environment. Bobby Ong, co-founder of CoinGecko, noted that the entry cost is “5x lower than an equivalent real estate / FD investment,” positioning TON as a compelling alternative for global investors.
Following the announcement, Toncoin experienced a notable price surge, reflecting increased market confidence. Despite this short-term uplift, the token remains subject to broader market volatility, underscoring the importance of cautious investment strategies.
UAE’s Strategic Push to Become a Global Blockchain and Crypto Hub
The launch of TON’s Golden Visa program aligns with the UAE’s broader ambition to cement its status as a leading blockchain and digital finance center. Regulatory advancements, such as the Dubai Financial Services Authority’s approval of Ripple’s RLUSD stablecoin and updated guidelines for real-world asset tokenization, illustrate the country’s commitment to fostering innovation.
Furthermore, the Dubai Multi Commodities Centre free zone has attracted over 600 crypto companies, with additional growth in the Dubai International Financial Centre and One Central district. These developments create a robust ecosystem conducive to blockchain startups and established firms alike.
Implications for Crypto Investors and the Broader Financial Landscape
TON’s program offers crypto investors a dual advantage: securing long-term residency in a business-friendly jurisdiction while potentially earning annual yields of 3% to 4% on staked assets. This yield component adds an attractive financial incentive beyond residency benefits, distinguishing the program from traditional investment-based visas.
Moreover, the inclusion of immediate family members under the visa scheme at no extra cost enhances its appeal to expatriates seeking comprehensive relocation solutions.
Conclusion
TON’s UAE Golden Visa initiative represents a significant evolution in residency investment programs, leveraging blockchain technology to reduce entry costs and increase transparency. By aligning with the UAE’s strategic vision for blockchain innovation, the program offers a unique opportunity for crypto investors to gain residency while maintaining asset control and earning yields. This development is poised to attract global attention and could set a precedent for future blockchain-integrated residency solutions.
