Hashdex, a Brazilian crypt-currency investment management company, will hold assets with one of the world’s largest asset managers – Fidelity, which has $8.3 trillion in assets. The Hashdex manager announces that since July he has trusted the custody and trading services of Fidelity Digital Assets, a platform focused on serving institutional clients with professional solutions for digital assets.
According to a statement from Hashdex sent to Cointelegraph Brazil, the initiative joins a series of strategic actions already implemented by the company.
According to the company, the objective of the partnership is to offer the investor exposure in cryptosystems in a safe, regulated and reliable way, guaranteeing more confidence and solidity to the investments.
Hashdex will be the first fund management company in South America to sign a contract with Fidelity Digital Assets, the branch 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, initially serving clients in the United States. Since then, it has expanded around the world.
Its services follow the same standard of demand present in other Fidelity Investments businesses, with the differential of integrating exclusive features of Blockchain technology.
„We are very pleased 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 adoption of digital assets,“ added the Fidelity executive.
Hashdex CEO Marcelo Sampaio explains that Bitcoin and crypto assets have excellent long-term growth potential, but also need reliable storage solutions.
„Hashdex knows the risks of this market. That’s why we offer the investor crypto-currencies through the funds, which eliminates the problems for the client with key/tokens management. With the help of the best custodians, who employ modern practices to protect against loss and theft, we store the digital assets, which are also insured,“ he says.
Finally, he comments that the arrival of Fidelity, which has extensive experience in the field of security, a weighty structure and state-of-the-art technology, represents a new and great help in protecting the manager’s investors‘ assets.
Hashdex is approved by the Brazilian Securities and Exchange Commission, CVM, to offer exposure to investments in Immediate Edge and crypto-currencies.