Itaú Asset, with over 1 trillion reais in managed assets, has created a specialized crypto unit to expand its range of offerings. The division will be helmed by João Marco Braga da Cunha, previously of Hashdex, focusing on new products such as fixed-income instruments.
Brazil ranks tenth globally in crypto adoption, facilitated by a supportive regulatory environment. The bank offers trading in multiple cryptocurrencies, including Bitcoin, Ethereum, Solana, and USD Coin, aiming to capitalize on the growing digital asset market.
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