Share this article
Coinbase, SoftBank Back $26M Funding for Brazilian Crypto Asset Manager Hashdex
The firm has $76 million in assets under management.
Updated May 9, 2023, 3:19 a.m. Published May 12, 2021, 11:34 a.m.
Make us preferred on Google
Hashdex, a Brazilian crypto asset manager, has raised $26 million in investments.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Venture capital firm Valor Capital Group led the funding, with SoftBank, Coinbase Ventures and other local investors also participating, Bloomberg reported Wednesday.
- The Rio de Janeiro-based company, founded in 2018, has about 4 billion reais (almost $76 million) in assets under management.
- “Investors are still getting to know crypto, and we see room to offer more products in Brazil,” Hashdex CEO and former Microsoft executive Marcelo Sampaio told Bloomberg.
- Hashdex plans to expand beyond Brazil and boost its staff from 25 to as many as 100 by the end of this year.
- The firm recently launched a crypto index fund, the Hashdex Nasdaq Crypto Index Fundo de Indice.
Also read: Stablecoins Like USDC See Growing Demand in Latin America: Bitso CEO
Meer voor jou
Más para ti
South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets
The South Korean financial firm backs the U.S.-based blockchain company to accelerate enterprise wallet technology and real-world asset tokenization.
Lo que debes saber:
- Kresus has secured roughly $13 million (KRW 18 billion) from Hanwha Investment & Securities.
- The funding will support enterprise wallet infrastructure and real-world asset (RWA) tokenization platforms.
- The deal signals continued institutional investment in blockchain infrastructure despite uneven crypto markets.
Top Stories
