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Hashdex, a Brazillian Crypto asset manager, secures $26M in funding

Hashdex is a crypto asset manager based out of Rio de Janeiro that manages assets worth over 4 Billion Brazillian real ($765 Million). The company recently conducted a funding round to raise $26 Million in a funding round from the investors. 

Venture capital firm Valor Capital Group led this funding round and saw participation from some prominent names in the crypto community, such as Coinbase Ventures, the venture capital arm of Coinbase, and Softbank.

About Hashdex

Co-founded by Marcelo Sampaio, Hashdex is one of the leading investment firms for crypto assets that offers a flagship fund that helps accredited investors create a balanced portfolio of crypto assets. The company aims to provide a real-time representation of the latest crypto market trends and profitable investment opportunities. 

Plans for the funding

Hashdex plans to expand its horizons beyond Brazil, made possible by a $26M capital influx. According to a report, the company plans to establish its bases in 75 more locations globally by the end of this year. 

This funding will also help Hashdex increase the crypto offerings catalog as its investors get familiarized with cryptocurrencies.  “Investors are still getting to know crypto, and we see room to offer more products in Brazil,” told the CEO, Marcelo Sampaio, in an interview.

Hashdex Collaborations

Last year, Hashdex collaborated with Nasdaq to issue a crypto exchange-traded fund project in Bermuda which was approved in February this year. In another project along the lines of the collaboration, Hashdex helped create the Nasdaq Crypto Index. 

This index lists cryptocurrencies with the most liquidity on prominent exchanges such as Coinbase, BitGo, Krake, and Fidelity. The index currently lists six cryptos, ETH, BTC, BCH, LINK, LTC, and XLM.  

Hashdex in March got approval to become a crypto ETF issuer in Brazil and list composite cryptocurrency ETF products that can track the Nasdaq Crypto Index. 

Hashdex’s latest funding round will help the company establish a worldwide presence and help crypto investors create a balanced and diversified crypto assets portfolio. The company will also utilize this funding to improve its crypto offering catalog for its existing users. 

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