Brazil-based crypto asset manager Hashdex, announced that it has received authorization from a Swiss exchange to market crypto exchange-traded products (ETPs).
As crypto usage develops in Europe, the Latin America’s largest crypto asset manager hopes to expand its crypto goods and services to Swiss and European clients.
Hashdex was founded in 2018 and has since grown to Brazil, the United States, and now Switzerland. Hashdex currently serves over 260,000 investors and manages over $750 million in assets.
Laurent Kssis, a crypto ETP and ETF expert, was chosen managing director and head of Europe by the crypto asset management at the end of March, signaling its aim to rapidly grow across Europe.
Hashdex’s Head of Global Expansion, Bruno Sousa, claims that the company’s presence in Zurich, Switzerland will aid in the expansion of its crypto ETPs and other services throughout Europe. He stated, “
“Building on the success of our range of solutions on the other side of the Atlantic, our goal is to make them available in Switzerland first and soon across European investors. Switzerland offers a legal framework conducive to crypto assets and is a crucial step in our global development.”
While some crypto exchanges offer ETPs focusing on a single coin, Hashdex’s products attempt to provide exposure to numerous cryptocurrencies.
The cryptocurrency asset management is presently hiring in cities across Europe, including London, Paris, Lisbon, and Zurich.
As the demand for crypto grows among institutional and individual investors, numerous companies, including WisdomTree, Fidelity, and Helveteq, have all launched crypto-based ETPs on the SIX Swiss Exchange.