Hashdex, an alternative investment platform for cryptocurrencies, has reportedly scored $26m in its latest funding round.
Valor Capital Group served as the lead investor, with commitments also coming from Softbank, Coinbase Ventures, Globo Ventures, Canary, Igah, Alexia, Fuse and Endeavor Catalyst, according to a report from London Loves Business.
Hashdex hopes this equity injection will help bolster its position in Brazil as well as expand into other countries. In addition to this, the company is looking to triple the size of its team.
The FinTech company aims to unlock the blockchain potential to mainstream investors.
Its Nasdaq Crypto Index, was co-developed by Hashdex and Nasdaq, was designed to measure the performance of the investible crypto market.
Hashdex CEO Marcelo Sampaio told London Loves Business, “Hashdex’s trajectory was marked by a series of important milestones for the crypto industry.
“Today, investors from all over the world are able to access simplified investment solutions, just as we played a decisive role in the maturation of the sector’s regulation. Announcing this contribution proves the credibility that the manager has built in the market.”
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