- Hashdex 40 Nasdaq Crypto Index fund allocates 40% to cryptocurrencies, while 60% targets fixed-income returns near CDI.
- Bradesco explores blockchain applications, including decentralized identity solutions and participation in Brazil’s Drex tokenized financial infrastructure pilot.
Ágora Investimentos, the brokerage arm of Brazilian bank Bradesco, has introduced two cryptocurrency-focused investment funds: the Hashdex 40 Nasdaq Crypto Index and the Hashdex 100 Nasdaq Crypto Index.
“Hashdex funds were included to meet investor interest in expanding their portfolios with digital assets,” it said in a note.
This marks the first time Bradesco has offered crypto-related products, reflecting growing client demand for diversification into digital assets.
New Funds and Investment Strategies
The Hashdex 40 Nasdaq Crypto Index allocates 40% of its resources to cryptocurrencies, tracking the Nasdaq Crypto Index (NCI), while the remaining 60% is invested in fixed income instruments aimed at delivering returns close to the Interbank Deposit Certificate (CDI).
Meanwhile, the Hashdex 100 Nasdaq Crypto Index provides full exposure to the crypto assets included in the Nasdaq index, offering investors direct access to the digital asset market.
According to Ricardo Barbieri, director of Ágora Investimentos, this move is a response to increasing client interest in expanding their portfolios with digital assets. Barbieri emphasized that the Hashdex funds offer a gateway to diversify investments in a rapidly evolving market.
Hashdex’s Role and Blockchain Initiatives
Samir Kerbage, Chief Investment Officer at Hashdex, highlighted the importance of the partnership with Ágora, calling it a meaningful advancement for Brazil’s cryptocurrency market.
“The arrival of Hashdex funds to Ágora represents a significant development for the cryptoasset market in Brazil,” he stated.
This development aligns with Bradesco’s broader exploration of blockchain technology, including initiatives like an “ideathon” dedicated to decentralized digital identity solutions and participation in the Drex pilot project led by Brazil’s Central Bank.
Drex aims to establish a regulated, tokenized financial infrastructure in Brazil, with real-world applications expected by 2025.
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