Brazilian crypto asset manager Hashdex joins SIX’s issuer ranks

abdelaziz Fathi

Brazil-based crypto asset manager Hashdex is pursuing a European expansion after it has received approval from the SIX Swiss Exchange to list ETPs in Switzerland.

Hashdex

With its strong track record starting in Brazil, Hashdex is joining the SIX’s issuer ranks and further expanding the product range to focus on growing its $1 billion footprint. This brings the total number of crypto issuers to 12, and the number of tradable crypto ETPs to more than 135. With 18 different cryptocurrencies as underlying assets, SIX currently offers investors access to 208 products, the largest choice of any regulated exchange.

Today’s announcement builds on Hashdex’s ongoing international expansion and positions it as a pioneer in crypto asset management. In 2021, the company teamed up with the Nasdaq stock exchange to develop the world’s first crypto ETFs tracking decentralized finance and smart contracts.

Hashdex also launched a Web3 exchange-traded fund (ETF) aimed at qualified investors on Brazil’s B3 stock exchange, highlighting its growing portfolio of crypto-related products. These offerings are provided in partnership with top international custodians, auditors, and other partners to ensure security and safety for institutional investors.

Hashdex is said to have more than 250,000 institutional and private investors that use its products globally, as well as close to $1 billion in assets under management. The crypto asset manager has over 90 team members from both the tech and financial worlds across Rio de Janeiro, New York, and Zurich.

“Building on the success of our range of solutions on the other side of the Atlantic, which meet best-in-class standards, our goal is to make them available in Switzerland first and soon across European investors. Switzerland offers a legal framework conducive to crypto assets and is a crucial step in our global development,” said Bruno Sousa, Head of Global Expansion of Hashdex.

“Our thematic approach, which will soon be enhanced with several new products listed on various European regulated markets, will appeal to institutional investors familiar with conventional ETF structures. While Europe is a very fragmented and competitive market, we are confident that we will stand out from the many players who only offer ETPs focused on a single cryptocurrency. We are excited about the opportunity and are thrilled to call Switzerland our home,” concluded Laurent Kssis, Managing Director and Head of Europe at Hashdex.

Read this next

Retail FX

Finalto sweetens offering for African traders with localized FX pairs

Finalto, the financial trading division of Gopher Investments, announced today that it has extended its offering with inclusion of a number of African Pairs to its trading platforms.

Digital Assets

BitMEX secures OAM registration to operate in Italy

Crypto exchange BitMEX has won regulatory approval from Italy’s financial regulators, allowing the exchange to continue serving Italian customers.

Institutional FX

FlexTrade integrates Glimpse’s post-trade bond execution data

“Looking further ahead, this integration also presents multiple opportunities for how fixed-income traders could leverage the trading data. For example, traders could tap Glimpse data as an input to AI-driven automation workflow strategies in the future.”

Industry News

FINRA fines UBS $2.5m for Reg SHO violations and supervisory failures

FINRA has fined UBS $2.5 million for Reg SHO violations and supervisory failures spanning a period of nine years.

Digital Assets

Bitfinex Pay launches feature that minimizes volatility risk

The currency conversion will take place every five minutes on any amount above $10.

Digital Assets

Mastercard launches Crypto Secure for risk assessment in digital asset space

“Crypto Secure will provide card issuers with a platform that allows them access to insights which will improve the safety of crypto purchases, increasing consumer confidence and creating the same trust they expect when paying with Mastercard.”

Retail FX

VT Markets wins 4 more awards including Best Forex Mobile App Global 2022

“Over the past few months, we have noticed a huge spike in downloads and daily active users on the VT Markets App. Our clients can trade multiple asset classes with ultra-low spreads, and access timely market news on our mobile app.”

Institutional FX

Blue Ocean ATS enhances price discovery and liquidity for after hours US stock trading

Liquidity and price discovery, missing from previous overnight trading solutions, are now possible utilizing the TNS network and managed service platform. Security of the private network and its access to all public clouds, uniformity of compliance and regulatory oversight, redundancy and recovery capabilities, plus the localized customer service around the world made TNS the best candidate for this major step in Blue Ocean Technologies’ growth.

Executive Moves, Retail FX

Equiti Group wins CySEC license to expand into Europe

“Regulation and good governance have always been and will continue to be a key part of Equiti’s business model.”

<