SoftBank and Coinbase Join $26M Round for Brazilian Crypto Firm
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May 12, 2021

Hashdex Gestora de Recursos, a Brazilian cryptocurrency investment company founded by former Microsoft employees, has closed a $26 million funding round led by SoftBank and Coinbase, Bloomberg has learned. The company added it also raised funds from Valor Capital Group, Igah Ventures, Globo Ventures and Canary.

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Hashdex Chief Executive, Marcelo Sampaio, claims investors are "still getting to know crypto" and the company sees room to offer more products in Brazil. Currently, Hashdex has $761.3 million under management and plans to open up to 75 additional offices around the world by the end of the year.

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The latest funding round comes after the Rio de Janeiro-based company launched the first crypto exchange-traded fund in Brazil's local exchange — Hashdex Nasdaq Crypto Index — in September last year.

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