The Ritz Herald
© Olivier Janssens

What Happens When a Bitcoin Pioneer Redesigns the Special Economic Zone and Shares Its Profits


Published on December 16, 2025

When Olivier Janssens began mining Bitcoin in 2010, the concept that decentralized systems could outperform traditional institutions was still widely regarded as fringe. Bitcoin traded for roughly one dollar, attracted little mainstream attention, and was frequently dismissed as a speculative curiosity with no clear real-world application. For Janssens, however, the attraction was never price appreciation. It was system design.

Bitcoin, in his view, represented a new class of infrastructure: systems that continue to function over long periods by aligning incentives rather than relying on trust in centralized actors. That way of thinking now underpins Destiny, the world’s first Special Sustainability Zone, located in Nevis and developed in partnership with the Nevis Island Administration and the Government of St. Kitts and Nevis.

Special Sustainability Zones build on the long-established concept of Special Economic Zones, which governments have traditionally used to attract investment through tax or regulatory incentives. SSZs represent an evolution of that model. Rather than optimizing primarily for capital inflows or competitiveness, they place sustainability, governance quality, safety, and long-term social alignment at the core of development. The objective is not speed, but durability.

What Happens When a Bitcoin Pioneer Redesigns the Special Economic Zone and Shares Its Profits

Destiny’s most distinctive feature is its economic structure. Under the project’s framework, five percent of net profits will be distributed directly to Nevisians, using modern digital infrastructure designed to be transparent and auditable. It is the first time anywhere in the world that a large-scale private development has contractually committed to sharing profits not only with government, but directly with citizens.

“This is not charity, and it’s not marketing,” Janssens says. “It’s a structural alignment of incentives. If Destiny does well, the people do well.”

The idea is deceptively simple. When local populations benefit directly from long-term success, stability becomes a shared interest rather than an external constraint. In an era where many development projects face growing social resistance, Destiny’s structure attempts to internalize what are often treated as externalities.

Janssens’ background lends credibility to the approach. After starting his career at Sun Microsystems, he worked on large-scale IT projects for banks and telecom operators across Europe, environments where system reliability and long-term performance are non-negotiable. He later founded Destiny Telecom in Belgium, which grew into one of the country’s leading providers before being sold to investors, including the De Wever brothers.

His early involvement in Bitcoin and later participation in the Ethereum presale further reinforced his reputation for identifying structural shifts early. In 2014, he drew international attention after becoming the first person to charter a private jet using Bitcoin, a symbolic milestone that marked the technology’s transition from abstraction to utility.

“Early on, people thought Bitcoin was about speculation,” Janssens recalls. “But the real innovation was trust minimization, systems that continue to work even when institutions fail. That insight matters far beyond money.”

At Destiny, those insights are applied to governance. The Zone operates under a bespoke legal framework designed to combine private efficiency with public accountability. Transparent rules, strong property rights, predictable enforcement, and safety are treated not as secondary features, but as core infrastructure. All of this operates fully within the constitutional framework of the Federation of St. Kitts and Nevis.

Safety and family-friendliness are central pillars of the project. Destiny is designed to attract long-term residents and families seeking stability, quality of life, and legal certainty, rather than transient activity driven by short-term incentives.

In addition to the profit-sharing mechanism, Destiny includes commitments to infrastructure, healthcare, education, and a dedicated development fund. These investments are intended to strengthen not only the Zone itself, but the broader economic and social fabric of Nevis.

“This has never been done before by a private developer,” notes one regional economist. “It fundamentally changes the relationship between development and the local population.”

For Janssens, the logic remains consistent with his earlier work. “If you want long-term stability, you don’t extract value, you embed it locally.”

As governments and markets alike grapple with declining trust, rising inequality, and increasingly fragile institutional arrangements, Destiny represents a concrete experiment in applying incentive-aligned system design to the physical world. Much like Bitcoin once did, it challenges conventional assumptions, not through rhetoric, but through structure.

Newsroom Editor