Wednesday, May 18

Brazilian Hashdex launches world’s first decentralized finance ETF


Hashdex, the largest crypto asset manager in Latin America, takes another step in its pioneering journey and announces the launch of the world’s first decentralized finance ETF.

Named DEFI11, the product seeks to offer diversified, safe and regulated exposure in all segments of the ecosystem’s value chain DeFi. ETF reserve orders start this Tuesday (18), and the product should arrive at B3 in February.

“Decentralized finance (DeFi), are nothing more than applications based on blockchain and smart contracts that enable the creation of a new infrastructure for traditional financial services, such as loans, insurance and value transactions”, says Marcelo Sampaio, CEO of Hashdex.

“Invest in DeFi it’s the same as investing in the fintechs of the future. It is a very promising market that, due to its disruptive technologies, could grow exponentially in the coming years”, he comments.

Hashdex

Hashdex, the largest crypto asset manager in Latin America, takes another step in its pioneering journey and announces the launch of the world’s first decentralized finance ETF.

Named DEFI11, the product seeks to offer diversified, safe and regulated exposure in all segments of the ecosystem’s value chain DeFi. ETF reserve orders start this Tuesday (18), and the product should arrive at B3 in February.

“Decentralized finance (DeFi), are nothing more than applications based on blockchain and smart contracts that enable the creation of a new infrastructure for traditional financial services, such as loans, insurance and value transactions”, says Marcelo Sampaio, CEO of Hashdex.

“Invest in DeFi it’s the same as investing in the fintechs of the future. It is a very promising market that, due to its disruptive technologies, could grow exponentially in the coming years”, he comments.

DeFi

Developed in partnership with CF Benchmarks, one of the leading global crypto index providers, DEFI11 will mirror the “CF DeFi Modified Composite Index”. It is an index that follows strict eligibility criteria to obtain the best representation of the market. DeFi.

Initially, the index must have a total of 12 assets, divided into three categories. They are: Protocols DeFi that offer practical and modern solutions for financial services: Unisawap, AAVE, Compound, Maker, Yearn, Curve, Synthetix and AMP; Support Protocols, which help protocols DeFi with data storage and query services, identity verification and scalability solutions: Polygon, Chainling and The Graph; and finally, Platforms of Record, blockchain on which transactions are validated and recorded. From this category, the selected one was the Ethereum network.

This will be the fourth cryptocurrency ETF that Hashdex makes available on B3. A pioneer, the manager launched the first product of the modality in Brazil, HASH11. The fund invests in a basket of assets that seek to represent the best of the crypto market.

Currently, the ETF has more than 125,000 investors and approximately R$2.6 billion under management. In the last year, the company also launched BITH11, a 100% green Bitcoin product, and ETHE11, an index fund that invests entirely in Ethereum.

XP, Itaú and Banco Genial

XP, Itaú BBA and Banco Genial will be the coordinators of the new ETF offering, which will have a total management fee of 1.3%. The initial investment per share is expected to be approximately R$50.

“This product represents yet another action by Hashdex in favor of Brazilian investors. We are facilitating the entry of everyone into this promising ecosystem, ensuring the best governance, custody, audit and regulation solutions, in addition to eliminating all difficulties and insecurities in digital asset transactions”, comments Sampaio.

Developed in partnership with CF Benchmarks, one of the leading global crypto index providers, DEFI11 will mirror the “CF DeFi Modified Composite Index”. It is an index that follows strict eligibility criteria to obtain the best representation of the market. DeFi.

Initially, the index must have a total of 12 assets, divided into three categories. They are: Protocols DeFi that offer practical and modern solutions for financial services: Unisawap, AAVE, Compound, Maker, Yearn, Curve, Synthetix and AMP; Support Protocols, which help protocols DeFi with data storage and query services, identity verification and scalability solutions: Polygon, Chainlink and The Graph; and finally, Platforms of Record, blockchain on which transactions are validated and recorded. From this category, the selected one was the Ethereum network.

This will be the fourth cryptocurrency ETF that Hashdex makes available on B3. A pioneer, the manager launched the first product of the modality in Brazil, HASH11. The fund invests in a basket of assets that seek to represent the best of the crypto market. Currently, the ETF has more than 125,000 investors and approximately R$2.6 billion under management. In the last year, the company also launched BITH11, a 100% green Bitcoin product, and ETHE11, an index fund that invests entirely in Ethereum.

XP, Itaú BBA and Banco Genial will be the coordinators of the new ETF offering, which will have a total management fee of 1.3%. The initial investment per share is expected to be approximately R$50.

“This product represents yet another action by Hashdex in favor of Brazilian investors. We are facilitating the entry of everyone into this promising ecosystem, ensuring the best governance, custody, audit and regulation solutions, in addition to eliminating all difficulties and insecurities in digital asset transactions”, comments Sampaio.





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