Hashdex Gestora de Recursos Ltda stated a bulk of the funds got here from enterprise capital agency Valor Capital Group, with SoftBank and Coinbase Ventures, an arm of the U.S.’s largest cryptocurrency change, additionally collaborating. Others included Brazil’s Igah Ventures, Globo Ventures and Canary.
Hashdex, based in 2018 by former Microsoft Corp. government Marcelo Sampaio and Bruno Caratori, earlier this yr launched Hashdex Nasdaq Crypto Index Fundo de Indice, 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 below 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, stated in an interview.
Hashdex plans on opening new places of work exterior Brazil, with headcount anticipated to rise from 25 to as a lot as 100 by the tip of the yr, Sampaio stated.
— With help by Olga Kharif, and Felipe Marques