Major Brazilian crypto asset manager secures $26M in funding
Coinbase and SoftBank have participated in a $26-million funding round for Latin America’s largest crypto asset management firm. Hashdex, the Rio de Janeiro-based crypto asset manager with over 4 billion Brazilian real ($765 million) in assets under management, has raised $26 million in a new funding round from investors.According to Bloomberg on Wednesday, venture capital firm Valor Capital Group led the funding round with participation from Coinbase Ventures — the VC arm of American exchange giant Coinbase — and SoftBank.The $26-million capital influx comes as Hashdex is set to pursue....
Related News
Brazilian asset manager QR Asset Management started trading its Bitcoin exchange-traded product on B3. The Brazil Stock Exchange, or B3, has launched the trading of another Bitcoin (BTC) exchange-traded fund, marking the growing acceptance of the crypto industry in the country.Brazilian asset manager QR Asset Management started trading its Bitcoin ETF with the ticker QBTC11 on the Sao Paulo-based B3 exchange on Wednesday, Cointelegraph Brasil reported.The listing comes several months after the Brazilian Securities and Exchange Commission approved QR’s Bitcoin ETF in March alongside another....
A long-running backer of the crypto industry, billionaire hedge fund manager Alan Howard recently invested in two digital asset startups. Billionaire hedge fund manager Alan Howard continues backing the cryptocurrency industry with fresh investment in two digital asset startups.The co-founder of major asset manager Brevan Howard led a $25-million extension raise for London-based crypto services firm Copper.co. The company announced Friday that the new investment follows a $50-million Series B funding round led by companies such as Dawn Capital and Target Global.The additional funding will....
Arca will use the funding to beef up its infrastructure and expand its crypto asset-class offerings. Arca, an emerging digital-asset manager, has secured $10 million in Series A funding to bootstrap the next phase of its business strategy — one that could bridge the gap between traditional finance and cryptocurrencies. In a Wednesday press release, Arca said the funding round was led by venture capital firm RRE Ventures, with key contributions from Alex Tisch, president of Loews Hotels & Co, and a “coalition of financiers led by Littlebanc Advisors.”Arca sai it will use the funding to....
Brazil’s Hashdex is teaming up with Nasdaq to bring the world’s first Bitcoin ETF to the Bermuda Stock Exchange. Regulated Brazilian fund manager Hashdex has inked a deal with Nasdaq to launch the world’s first crypto asset exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX).The stock exchange announced it had approved the ‘Hashdex Nasdaq Crypto Index’ on September 18, revealing that 3 million Class E shares will be issued for trade on the platform. Cointelegraph Brazil confirmed the Nasdaq partnership and ETF with Hashdex’s chief executive, Marcelo SampaioAccording to local....
The Brazilian Stock Exchange (B3) approved the first crypto ETFs in Latin America and leading to a new milestone for the market. The Brazilian Securities and Exchange Commission, or CVM, approved two cryptocurrency ETFs this week — one 100% Bitcoin and the other composed of five cryptocurrencies, in addition to Bitcoin (BTC).For QR Asset Management, manager of the Bitcoin-only ETF, the product could accelerate the launch of a similar product in the United States, since the CVM, as well as the Securities and Exchange Commission, or SEC, are part of the International Organization of....