For property hunters — crypto or otherwise — Grand Cayman and its capital George Town have clear attractions. Residents pay no income or capital gains tax and no annual property taxes; the islands’ golden visa programme offers a direct path to residence for those investing a minimum of $2.4mn in Cayman real estate.

The quality of the property is evolving to reflect an increased demand from international buyers, and Mandarin Oriental recently launched new-build residences (from $8mn).

“Grand Cayman has hit the sweet spot for crypto investors,” says Gregory Surabian, senior managing director of Melkonian Capital Management, developers of the 42-residence project. “There has been substantial interest from a range of buyers from fintech and family offices to digital expats from around the world.”