1 week ago
Brazil’s largest backstage plus manager Itaú Asset Management has formed its archetypal dedicated crypto part and named João Marco Braga da Cunha, a erstwhile enforcement astatine Hashdex, to tally the caller unit.
The division, section quality outlet Livecoins reports, volition beryllium wrong Itaú’s multidesk concern structure, which oversees much than 117 cardinal reais ($21.6 billion) crossed 15 trading desks. The crypto squad joins groups focused connected equities, credit, and systematic strategies, with the extremity of expanding Itaú’s lineup of integer plus products.
Itaú has implicit clip been moving into crypto markets. Since 2022, it has offered a bitcoin exchange-traded fund (BITI11) and a status program with BTC exposure. Together with its Itaú Bitcoin Index fund, these products clasp astir 850 cardinal reais ($152 million) successful assets.
More recently, Itaú began offering nonstop trading of cryptocurrencies done its mobile app, including BTC and ETH, with custody provided in-house. The slope has besides mulled launching its ain stablecoin.
The caller portion is expected to rotation retired products that scope from fixed-income-style instruments to higher-risk funds tied to derivatives.
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