Brazil’s Crypto asset manager Hashdex is set to launch an ETF with 12 DeFi tokens in February. Covered: Hashdex Will Launch DeFi ETF in Brazil This February Hashdex’s Impressive Partnerships Hashdex Will Launch DeFi ETF in Brazil This February Leading global crypto asset manager Hashdex has been approved to launch a DeFi ETF following 12 […] The post World’s First DeFi ETF To Be Launched In Brazil appeared first on CryptosRus.

World’s First DeFi ETF To Be Launched In Brazil

Brazil’s Crypto asset manager Hashdex is set to launch an ETF with 12 DeFi tokens in February.

Covered:

  • Hashdex Will Launch DeFi ETF in Brazil This February
  • Hashdex’s Impressive Partnerships

Hashdex Will Launch DeFi ETF in Brazil This February

Leading global crypto asset manager Hashdex has been approved to launch a DeFi ETF following 12 tokens. The product will launch on Brazilian’s B3 exchange this coming February. The DeFi ETF was announced via a press release and the CEO of Hashdex, Marcelo Sampaio, said the following:

“We are confident that DeFi, through its innovative and disruptive technology, will exponentially grow and play a vital role in the financial sector of the future. By offering the first DeFi ETF in the world, we are providing our global investors with the ability to play a part in the next evolution of the crypto ecosystem.”

The index is divided into three different sections, each representing a unique value to DeFi services.

  1. Settlement Networks (where transactions are validated and stored on the blockchain): Ethereum
  2. Service Protocols (Oracle providers that offer scalability solutions): Chainlink, The Graph, and Polygon
  3. DeFi dApps (practical and modern solutions for financial services): Uniswap, AAVE, Compound, Maker, Yearn, Curve, Synthetix, and AMP

This portfolio is aimed to mimic the “CF DeFi Composite Index”, which follows a “strict eligibility criteria to obtain the best representation of the DeFi phenomenon”. Brazilian banks XP, Itaú BBA, and Banco Genia will coordinate with Hashex for the offering of the ETF.

Recommended: First “DeFi platform” On Bitcoin Launches On Stacks

Hashdex’s Impressive Partnerships

Hashdex considers themselves a global pioneer in crypto asset management and their mission is to “provide educational resources and best-in-class products that advance its efforts to build pathways to prosperity by opening the crypto ecosystem to the world.”. The firm’s impressive partnership list shows that they are on the leading edge of crypto ETFs.

Hashdex holds an exclusive partnership with Nasdaq and the co-developed Nasdaq Crypto Index. Additionally, the firm holds an exclusive partnership with Victory Capital, which is an asset manager with $162 billion in assets set to bring innovative crypto investment products to the US. The list goes on and includes Fidelity Digital Assets, Coinbase Custody, and Bitgo Trust.

CEO Marcelo Sampaio compared investing in DeFi to investing in fintech companies of the future. He’s right, and the new DeFi ETF to launch in Brazil will most likely be the first of many around the world.

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