BlocksInform
Hashdex, a global crypto-focused asset manager recently announced the approval of the world’s first DeFi exchange traded fund (ETF).
The etf will be listed on the Brazilian stock market, b3, under the ticker defi11 symbol on 17 February.
12 assets in three sub-portfolios
Crypto ETFs typically track the price of one or more cryptocurrencies, and as investment vehicles listed on stock exchanges leverage an indirect, however regulated exposure to the market.
'as latin america's biggest crypto asset manager, hashdex continues to deliver on its mission of helping people around the world better understand and gain diversified exposure to the crypto asset class," said marcelo sampaio, head of hashdex.
In partnership with cf benchmarks, one of the major global providers of crypto indices, defi11 will reflect "cf defi composite index."
We're to proud to partner with @hashdex again to launch DEFI11 – Brazil's 1st #DeFi ETF!
DEFI11 will track CF DeFi Modified Composite Index, one 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 index "follows strict eligibility criteria to obtain the best representation of challenge phenomenon."
To reflect all major components of the challenge ecosystem, the index consists of a total of 12 assets grouped into three sub-portfolios.
The main dapps, notably uniswap, aave, compound, maker, yearn, curve, synthetix and amp, belong to the first subportfolio.
With chain, graph, and polygon, the second sub-portfolio consists of service protocols and scalability solutions.
And finally, the settlement network belongs to the third subportfolio.
Sui Chung, CEO of CF Benchmarks, a wholly owned company of Kraken, said:
“The CF DeFi Composite index is the first to be driven by the CF Digital Asset Classification Structure (DACS) and we are very excited to be able to bring these methodologies to the investment community to further their understanding of the blockchain economy and enable smarter allocation decisions to a greater range of digital assets,”
Spearheading institutional adoption
With Fidelity Digital Assets, COINBASE Custody, and BITGO Trust serving as custodians of crypto under its management, Hashdex currently has more than 250.000 investors globally in its products.
Sampaio added:
We are convinced that the challenge, with its innovative and disruptive technology, will grow exponentially and play a vital role in the financial sector of the future. By offering the first DeFi ETF in the world, we are providing our global investors with the ability to play a part in the next evolution of the crypto ecosystem,”
Hashdex is an exclusive partner of Nasdaq and co-developed the Nasdaq Crypto Index (NCI), designed to measure the performance of a significant portion of the crypto market–providing a benchmark for institutional investment.
The company has already launched some of the world's first crypto ETFs, including the crypto index etf (hash11).
