TechFlow news, on February 11, according to CoinDesk, Portuguese fund management company Fundbox has partnered with European cryptocurrency investment platform Kvarn X to launch the KvarnPortugal fund, which will allocate 80% of its assets to Bitcoin and 20% to the CoinDesk 20 Index.
The minimum investment for the fund is €100,000, with a management fee of 0.05% and a subscription fee of 2.5%. Investors seeking residency through Portugal's Golden Visa program must invest at least €500,000 and reside in Portugal for a minimum of 35 days within five years. The fund's subscription period will remain open until February 2027.
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