Brazil’s Hashdex Greenlighted to Issue Crypto ETPs in Switzerland

The Brazilian asset manager – Hashdex – received approval from the SIX Swiss Exchange to list cryptocurrency exchange-traded products in Switzerland. Thus, the firm aims to expand its global reach and provide its services to European investors.

Another Company to Launch Crypto ETPs in Switzerland

The European nation has displayed a favorable stance towards entities willing to introduce cryptocurrency exchange-traded products for a while now. According to a recent press release, the next organization to launch such an investment tool is Brazil’s Hashdex. The initiative became possible after the latter received a green light from the SIX Swiss Exchange (Switzerland’s primary stock exchange).

Hashdex’s entry into the Swiss ecosystem will aim to establish a bridge between local and European investors, who can then join the crypto world.

The company’s Founder and CEO – Marcelo Sampaio – said his organization’s main goal is to offer “simple, secure, and diversified exposure through baskets of crypto assets that address various sectors in this exciting space.” He also described Hashdex as the largest digital asset manager in Latin America.

Addressing the collaboration with the SIX Swiss Exchange was Bruno Sousa – Head of Global Expansion:

“Building on the success of our range of solutions on the other side of the Atlantic, which meet best-in-class standards, 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.”

Hashdex’s expansion to Switzerland doubles down on the company’s plans to solidify its position on European soil. Not long ago, it appointed Laurent Kssis as a Managing Director and Head of Europe. In addition, Hashdex has been actively recruiting talents in Zurich, Paris, London, Lisbon, and other European hubs to support the firm’s global expansion.

CoinShares’ Bitcoin ETP

Another cryptocurrency asset manager that offers crypto exchange-traded products in Switzerland is CoinShares. Last year, the SIX Swiss Exchange approved a Bitcoin ETP introduced by the company, ticked BITC.

CoinShares’ Chief Revenue Officer – Frank Spiteri – believes institutional clients have a “very strong due-diligence process.” As such, they deserve to deal with the “best-in-class product to embrace that demand.”

Speaking on the matter was also CoinShares’ Chief Strategy Officer – Meltem Demirors. She revealed that the ETP started with $200 million in AUM.

Leave a Reply