• Hashdex, a Brazilian cryptocurrency asset manager, has been approved to list ETPs in Switzerland

  • Hashdex, a Brazilian crypto asset manager, has been granted permission to list exchange-traded products (ETPs) on Switzerland’s SIX stock exchange.

    The Nasdaq Crypto Index ETF was launched in early 2021, followed by a decentralized finance (DeFi) ETF in February this year and a Web 3 fund in March.

    According to an announcement made Monday, the approval from Zurich-listed SIX represents the first milestone in Hashdex’s international development aspirations, with plans to make its products available to the entire European market soon.

    The announcement comes on the heels of Hashdex’s recent appointment of Laurent Kssis as its managing director and head of Europe. Kssis was previously a director of ETP provider 21Shares, which is the SIX-listed issuer of a number of crypto investment products.

    Hashdex is presently hiring teams in London, Zurich, Paris, and Lisbon to support its growth objectives.

    While the Securities and Exchange Commission (SEC) in the United States has been infamously slow in approving crypto ETFs, comparable products have been thriving in Europe. As of the beginning of March this year, 73 crypto ETPs with a total asset value of $7 billion had been approved in Europe.

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