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.
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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