Hashdex, a Brazilian cryptocurrency investment management company, will protect assets with one of the world’s largest asset managers – Fidelity – with assets of $ 8.3 trillion. The Hashdex manager has announced that he has trusted the custody and trading services of Fidelity Digital Assets, a platform focused on offering institutional clients professional digital asset solutions, since July.
According to a Hashdex statement sent to Cointelegraph Brazil The initiative follows a series of strategic measures that the company has already implemented.
According to the company, The aim of the association is to offer investors a safe, regulated and reliable exposure to cryptocurrencies, thus ensuring greater trust and solidity in the investments.
Hashdex will be the first fund management company in South America to sign a contract with Fidelity Digital Assets, the subsidiary of Fidelity Investments, one of the largest and most diversified financial services providers in the world with $ 8.3 trillion in assets under management.
Fidelity Digital Assets was launched in late 2018 and initially served customers in the United States. Since then, it has spread worldwide.
The services follow the same demand standard as in other business areas of Fidelity Investments, with the difference that exclusive features of blockchain technology are integrated.
“”We are very happy to be able to offer our services to Hashdex“said Josh Deems, director of business development at Fidelity Digital Assets.
“”We see their leadership and presence in the Brazilian market as an important part of the global acceptance of digital assets“added the Fidelity manager.
Marcelo Sampaio, CEO of Hashdex, explains that Bitcoin and crypto assets have excellent long-term growth potential, but also need reliable storage solutions.
“Hashdex understands the risks of this market, which is why we offer cryptocurrency investors through funds, which eliminates problems in managing customer and key tokens. With the best custodians that use practices to protect against loss and theft, we store digital Assets that are also insured, “he says.
Finally, he comments that the arrival of Fidelity, which has extensive experience in the area of security, weight structure and point technologya represents a great new help in protecting the assets of the manager’s investors.
Hashdex has been approved by the Brazilian Securities and Exchange Commission (CVM) to offer exposure to Bitcoin and cryptocurrency investments.