World’s first DeFi ETF to be listed on the Brazilian stock exchange in February

Hashdex, a planetary crypto-focused plus manager precocious announced the support of the world’s archetypal DeFi speech traded money (ETF). 

The ETF volition beryllium listed connected the Brazilian banal exchange, B3, nether the ticker awesome DEFI11 connected February 17th.

12 assets successful 3 sub-portfolios 

Crypto ETFs typically way the terms of 1 oregon much cryptocurrencies, and arsenic concern vehicles listed connected banal exchanges leverage an indirect, nevertheless regulated vulnerability to the market.

“As the largest crypto plus manager successful Latin America, Hashdex continues to present connected our ngo of helping radical astir the satellite amended recognize and summation diversified vulnerability to the crypto plus class,” said Marcelo Sampaio, CEO of Hashdex. 

In concern with CF Benchmarks, a starring planetary crypto scale provider, DEFI11 volition reflector the “CF DeFi Composite Index.”

We're to arrogant to spouse with @hashdex again to motorboat DEFI11 – Brazil's 1st #DeFi ETF!

DEFI11 volition way CF DeFi Modified Composite Index, 1 of our newest regulated benchmarks. DETAILS 👇https://t.co/q1zD9Sv49g pic.twitter.com/VH4L3Us6uF

— CF Benchmarks (@CFBenchmarks) January 19, 2022

According to the announcement, the scale “follows strict eligibility criteria to get the champion practice of the DeFi phenomenon.”

To bespeak each the large components underpinning the DeFi ecosystem, the scale has a full of 12 assets grouped into 3 sub-portfolios.

Major dApps including Uniswap, AAVE, Compound, Maker, Yearn, Curve, Synthetix, and AMP beryllium to the archetypal sub-portfolio.

With Chainlink, The Graph, and Polygon, the 2nd sub-portfolio consists of work protocols and scalability solutions.

Finally, Ethereum arsenic a colony web belongs to the 3rd sub-portfolio.

Sui Chung, CEO of CF Benchmarks–a wholly-owned subsidiary of Kraken commented:

“The CF DeFi Composite scale is the archetypal to beryllium driven by the CF Digital Asset Classification Structure (DACS) and we are precise excited to beryllium capable to bring these methodologies to the concern assemblage to further their knowing of the blockchain system and alteration smarter allocation decisions to a greater scope of integer assets,”  

Spearheading organization adoption 

With Fidelity Digital Assets, Coinbase Custody, and Bitgo Trust serving arsenic custodians of crypto nether its management, Hashdex presently has much than 250.000 investors globally successful its products.

Sampaio added:

“We are assured that DeFi, done its innovative and disruptive technology, volition exponentially turn and play a captious relation successful the fiscal assemblage of the future. By offering the archetypal DeFi ETF successful the world, we are providing our planetary investors with the quality to play a portion successful the adjacent improvement of the crypto ecosystem,” 

Hashdex is an exclusive spouse of Nasdaq and co-developed the Nasdaq Crypto Index (NCI), designed to measurement the show of a important information of the crypto market–providing a benchmark for organization investment.

The institution already launched immoderate of the world’s archetypal crypto ETFs, including the Hashdex-Nasdaq Crypto Index ETF (HASH11).