Hashdex, a Brazilian crypto-asset investment manager, announced the beginning of its operation in the United States with the launch of investment funds. The expansion will be possible through a partnership with the American manager Victory Capital, which today has more than $ 150 billion in custody. Hashdex investment products follow the Nasdaq Crypto Index (NCI), an index co-developed by Hashdex and the U.S. stock exchange.
The expansion into the U.S. market comes a month after Hashdex raised a BRL 135 million Series A round led by Valor Capital Group and following by Softbank, Coinbase Ventures and Globo Ventures.
Marcelo Sampaio, Hashdex’s CEO, argues that investing in crypto through an index is the most efficient way to enter this market.
“We really believe in crypto as a very relevant asset class in the future. We are very happy to be able to take this novelty to the American market, which until then had been very focused on Bitcoin products.”
The crypto fund for the U.S. market is now part of Hashdex‘s investment product portfolio, which already has a cryptocurrency ETF (exchange-traded fund) on the Bermuda Stock Exchange (BSX) – a product that replicates the NCI; and HASH11, the first ETF of B3, the Brazilian stock exchange, which also follows the NCI. According to Hashdex, the product has more than 115,000 shareholders and around BRL 1.3 billion in equity.