Hashdex Asset Manager Approved To List ETPs In Switzerland

The Brazilian Hashdex Asset manager approved to list ETPs in Switzerland and it is recruiting teams in London, Lisbon, Paris in Zurich to meet the expansion plans so let’s find out more in our latest cryptocurrency news.

The Hashdex asset manager has been approved to list the exchange-traded products on the SIX Stock exchange in Switzerland. The company unveiled the first such proejct NASDAQ Crytpoindex ETF in early 2021 followed by DEFI ETFs in February this year and the Web3 fund in March. Approval from the SIX exchange marked the first milestone for the exchange’s international expansion plans with more intentions to make the products available to the wider EU market soon accoridng to the announcement on Monday. The announcement follows Hashdex’s appointment of Laurent Kssis as the managing director and the head of Europe.

He was previously a director of the ETP provider 21shares and the issuer of a number of the crypto investment products on the SIX exchange. Hashdex is now recruiting more teams in Paris, Lisbon, Zurich, and London to meet its expansion plans.
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Where the US marekt regulator has been sluggish in approving an ETF, similar products were evolving in Europe and as of the start of March this year, 73 cryptos ETPs had been approved in Europe with $7 billion in assets.

As recently reported, The company is adding staff for US operations and created positions for the head of corporate communications and chief of staff. Former Morgan Stanley executive Matthew Flood will lead the business developments of the US operations with the startup veteran Jack Song who will direct communications. Both positions are aimed to expand the company’s growth in the market and it will also lean into pre-existing relationships with the United States. Investing in these companies to create crypto products will likely appeal to more traditional investors.

Hashdex partnered with the US-based asset manager Victory Capital to launch crypto investment products and the Victory Hashdex Nasdaq Crypto Index Fund was the first product released and was a private fund aimed at accredited investors. As a head of Hashdex’s business development in the US, Flood will mostly focus on expanding US distribution and fund product access along with Victory capital. Hashdex teamed up with the Nasdaq Stock exchange to create the Crypto Index and launch an ETF.