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§ Venture Capital · New York City, NY, USA
Swiss technology company assisting high-net-worth individuals with citizenship and residency by investment programs worldwide.
Key people at CitizenX.
CitizenX was founded by Luis Cuende (Co-Founder).
CitizenX is a Zug, Switzerland-based technology company that provides a secure digital platform and dedicated concierge service for high-net-worth individuals seeking to acquire alternative citizenship and residency through global investment immigration programs. The firm facilitates streamlined access to more than 25 distinct international programs, serving a diverse client base originating from over 170 countries while emphasizing strict Swiss data protection standards. In April 2025, the enterprise significantly expanded its operational scope to include citizenship-by-descent services through the strategic acquisition of the specialized immigration advisory firm Plan B Passport. This corporate consolidation brought the combined entity's post-acquisition valuation to over $50 million, supported by early capital from prominent venture investors including Tim Draper and Balaji Srinivasan. Operating within a historically opaque industry, CitizenX was originally founded in 2024 by technology entrepreneurs Alex Recouso and Luis Cuende.
Key people at CitizenX.
CitizenX was founded by Luis Cuende (Co-Founder).
CitizenX has 5 tracked investments across 5 companies. The latest tracked deal is $110.0M Other Equity in Berachain in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 20, 2025 | Berachain | $110.0M Other Equity | Polychain Capital | Blockchain.com, Dao5, Kraken, North Rock Digital |
| Jul 15, 2022 | The Club | $3.1M Seed | Pavel Stehno | Atka, Merit Circle, Moonlanding Ventures, Petrock Capital |
| Jul 1, 2022 | Socket | $2.0M Seed | IDEO CoLab Ventures | Archetype, Mechanism Capital, Seed Club Ventures, Mario Gabriele, Guillermo Rauch, Anthony Ghosn, Balaji S., Joyce Yang, Markie Wagner, Theo Marcu, Acme, Immersion Partners, K5 Global, LongHash Ventures, OpenSea, SignalFire, Steel Perlot |
| Sep 1, 2011 | Flowdock | $650K Seed | — | BoxGroup, IDG Ventures, Alexander Rosen, Ridge Ventures, ULU Ventures, Mark Britto, GIL Penchina, Marten Mickos, CrunchFund |
| May 1, 2011 | Verious | $800K Seed | — | Asset Management Ventures, Great Oaks Venture Capital, Mayfield, GIL Penchina, Ridge Ventures, Wildcat Ventures, Aaron Patzer, Esther Dyson, Karl Jacob, Mark Britto |
CitizenX is a Swiss-based technology platform specializing in citizenship-by-investment (CBI) services, helping clients diversify their passport portfolios to secure greater global mobility, wealth protection, and personal freedom. It serves high-net-worth individuals, particularly Bitcoiners and those aligned with the sovereign individual movement, by offering fast, secure, and privacy-focused access to citizenship programs in countries like São Tomé and Príncipe, Grenada, Türkiye, Vanuatu, Dominica, and Antigua and Barbuda. CitizenX addresses the problem of geopolitical and financial uncertainty by providing a "Plan B" through alternative citizenship options, enabling clients to protect their wealth, access tax- and crypto-friendly jurisdictions, and create multi-generational assets. The company has shown growth momentum through strategic acquisitions, such as the merger with Plan B Passport, enhancing its technological capabilities and market reach within the crypto and privacy-conscious communities[2][3][4][5].
CitizenX was founded by a team of entrepreneurs deeply embedded in the crypto and freedom-maximalist culture, including a CEO who discovered flag theory at a young age and dropped out of university to build the company. The founding team includes co-founders with backgrounds in crypto governance (Aragon), AI, and citizenship solutions, bringing a blend of technical expertise and industry knowledge. The idea emerged from the need to modernize and digitize the traditionally bureaucratic citizenship-by-investment industry, making it more accessible, secure, and aligned with the values of privacy and sovereignty. Early traction was marked by the acquisition of Plan B Passport, which significantly expanded CitizenX’s offerings and influence in the Bitcoin community, accelerating the sovereign individual thesis[2][3].
CitizenX rides the growing trend of digital sovereignty, passport diversification, and the sovereign individual movement, which gains momentum amid geopolitical instability and increasing interest in crypto assets. The timing is critical as global mobility restrictions fluctuate and privacy concerns rise, making alternative citizenship solutions more attractive. Market forces such as the rise of blockchain technology, decentralized finance (DeFi), and digital nomadism favor CitizenX’s tech-enabled, privacy-centric approach. By integrating crypto culture with citizenship services, CitizenX influences the broader ecosystem by accelerating adoption of digital sovereignty concepts and expanding access to global mobility tools for a niche but growing demographic[1][3].
CitizenX is poised to expand its footprint in the citizenship-by-investment market by leveraging technology and crypto community ties. Future trends shaping its journey include increased demand for privacy-compliant, digital-first citizenship solutions and growing geopolitical uncertainty driving passport diversification. The company’s influence may evolve as it continues to innovate in service delivery, potentially integrating blockchain-based identity verification and expanding into new markets. Its role in accelerating the sovereign individual thesis positions CitizenX as a key player in the intersection of fintech, legal tech, and global mobility, offering clients not just citizenship but a strategic asset for freedom and security[3][4].
