Hashdex launches betting program for crypto funds and ETFs in the Cayman Islands, Brazil and Chile
New York / Rio de Janeiro / London, 5 April 2023 – Hashdex, a leading global crypto-focused asset manager, today announced the launch of its stake program for all non-bitcoin funds and ETFs in the Cayman Islands, Brazil and Chile. Investors in eligible funds will benefit from setting prices to achieve higher returns, either through partial or full compensation of the management fee.
“Hashdex is committed to continuously providing cutting-edge products that meet the high standards of global professional investors, and our new staking program further reinforces our unmatched ability to evolve in line with the growing crypto ecosystem,” said Marcelo Sampaio, Co-Founder & CEO of Hashdex. “Staking is a key benefit of select cryptocurrencies, acting as passive income and enabling institutional and retail investors to benefit from valuable staking rewards while supporting the security of the underlying blockchains. Through our program, investors will enjoy the benefits of investing through Hashdex’s professional, reliable and regulated products, all without the need for specialized expertise or the use of complicated platforms.”
Hashdex’s industry-leading products and services, including the firm’s latest staking program, allow investors to fully participate in the crypto ecosystem. In addition to taking advantage of the potential price appreciation of cryptoassets, Hashdex’s staking program allows investors to earn additional returns on their tokens as stake rewards and reduces the impact of token dilution, all while contributing to network security. The program will be automatically incorporated into the firm’s funds and ETFs in the Cayman Islands, Brazil and Chile, with the exception of bitcoin-only products. This in turn enables Hashdex to offer higher net returns on its products, as the stake rewards will offset the impact of the costs and, depending on the product, either lower the administration fee, reduce tracking error or generate better results.
“The ever-increasing interest and adoption across cryptoassets, especially as a result of challenges in the banking sector, reiterates investors’ enthusiasm for this important sector,” said Bruno Caratori, co-founder and COO of Hashdex. “Staking provides a number of benefits to the blockchain ecosystem ranging from helping to secure the blockchain network, to facilitating governance, to improving efficiency, and to regulating the supply and demand of tokens. As pioneers of this new approach to open up investors to benefit from stake rewards, we are excited to set a new standard that any proof-of-stake crypto-asset ETF issuer must return the stake reward value to clients, even when the ETF is not a bet the ETF.”
To implement the staking program, Hashdex has carefully selected vendors with excellent track records and risk controls that minimize the possibility of losses during the staking process. All selected providers offer insurance against loss for operating errors or misconduct. Also, to ensure sufficient liquidity for redemption or other needs, Hashdex always keeps a portion of each crypto-asset unstaked. Deposited cryptoassets are held by the same qualified custodians that hold the firm’s non-deposited assets, including Coinbase Custody and Bitgo. As part of Hashdex’s ongoing mission to empower investors worldwide to participate in the crypto ecosystem through innovative products and services, the firm is considering several regions in which to expand its staking program.
With offices in Brazil, the US and Europe, Hashdex is a recognized leader in developing the industry’s first crypto offering enabling global investors to participate in the crypto ecosystem. Nasdaq, in partnership with Hashdex, developed the Nasdaq Crypto Index™ (NCI™), which benchmarks the institutionally investable crypto market, and listed the world’s first crypto ETF, the Hashdex Nasdaq Crypto Index ETF, on the Bermuda Stock Exchange. Hashdex currently has more than 225,000 investors globally in its products.
About Hashdex
Hashdex is a global pioneer in crypto asset management. Hashdex invites innovative investors to join the emerging crypto-economy. Hashdex’s mission is to provide educational resources and best-in-class products that advance efforts to help build pathways by opening the crypto ecosystem to the world. The firm co-developed the Nasdaq Crypto Index™ (NCI™) with Nasdaq to provide global investors with a reliable benchmark for the crypto asset class. In 2021, Hashdex introduced the world’s first crypto ETFs and other innovative products, enabling over 225,000 investors to easily and securely add crypto to their portfolios. For more information visit www.hashdex.com or follow Hashdex on Twitter or LinkedIn.
Media contacts:
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Disclaimer
This marketing communication has been prepared by Hashdex and does not constitute, and does not form part of, an offer or an invitation to subscribe, buy, sell or otherwise dispose of any financial product issued by Hashdex.
Past performance is not a guide to future performance and should not be the only factor considered when selecting a product. An investor should carefully consider the investment objectives, risks, fees and expenses of the investment before investing.
Investing in cryptocurrencies is highly speculative and volatile and subject to many risks. Investors may lose part or all or their investment. Due to the limited history of cryptocurrencies and the rapidly evolving nature of the cryptocurrency market, it is not possible to know all the risks associated with investing in cryptocurrencies, and new risks may emerge at any time. Cryptocurrencies have gained commercial acceptance only in the last decade, and as a result there is little data on their long-term investment potential.
This material is not an offer or an invitation by or on behalf of Hashdex or any other person to subscribe to or purchase any products from Hashdex. This material is for background purposes only and does not purport to be complete or complete. You cannot rely on the information in this material or its accuracy or completeness. The information in this material is subject to change.
Hashdex products are not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, is referred to as Nasdaq Corporations). The Nasdaq Companies have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Products. The Nasdaq Companies make no representations or warranties, expressed or implied, to the owners of the Products or any member of the public regarding the advisability of investing in the Securities in general or in the Products in particular, or the ability of the Nasdaq Crypto Index to track Crypto in general. market performance. Nasdaq Corporation’s sole relationship with Hashdex and its group (Licensee) is in the licensing of Nasdaq®, the Nasdaq Crypto Index™NCI™ and certain trade names of Nasdaq Corporations and the use of the Nasdaq Crypto Index as determined, compiled and calculated by Nasdaq without regard to Licensee or its products. Nasdaq has no obligation to take into account the licensee’s or the owners of the products in determining, composing or calculating the Nasdaq Crypto Index. The Nasdaq Companies are not responsible for and have not participated in the determination of the timing, prices or quantity of the Products to be issued or in the determination or calculation of the equation by which the Products are to be converted into cash. Nasdaq Corporations has no responsibility in connection with the administration, marketing or trading of the products.
