A Brazilian cash administration agency centered on cryptocurrencies mentioned it raised about $26 million of recent funding from buyers together withand
Hashdex Gestora de Recursos Ltda mentioned a bulk of the funds got here from enterprise capital agency, with SoftBank and , an arm of the U.S.’s greatest cryptocurrency change, additionally taking part. Others included Brazil’s Igah Ventures, Globo Ventures and Canary.
Hashdex, based in 2018 by formergovernment Marcelo Sampaio and Bruno Caratori, earlier this yr launched , the primary crypto exchange-traded fund in Brazil’s native change. The agency is predicated in Rio de Janeiro and has about 4 billion reais underneath administration.
“Buyers are nonetheless attending to know crypto and we see room to supply extra merchandise in Brazil,” Sampaio, the chief government officer at Hashdex, mentioned in an interview.
Hashdex plans on opening new places of work outdoors Brazil, with headcount anticipated to rise from 25 to as a lot as 100 by the tip of the yr, Sampaio mentioned.
— With help by Olga Kharif, and Felipe Marques