Hashdex Launches Staking Program for Crypto Funds and ETFs in The Cayman Islands, Brazil and Chile
New York / Rio de Janeiro / London, April 5, 2023 – Hashdex, a leading global crypto-focused asset manager, today announced the launch of its Staking Program for all non-bitcoin funds and ETFs in The Cayman Islands, Brazil and Chile. Investors in eligible funds will benefit from staking awards to achieve higher returns, either through partial or full compensation of the management fee.
“Hashdex is committed to continually providing cutting edge products that meet the high standards of global professional investors, and our new Staking Program further reinforces our unmatched ability to evolve in-line with the growing crypto ecosystem,” said Marcelo Sampaio, Co-Founder & CEO of Hashdex. “Staking is a key benefit of select cryptocurrencies, serving as passive income and enabling institutional and retail investors to benefit from valuable staking rewards while supporting the security of the underlying blockchains. Through our program, investors will enjoy the benefits of staking through Hashdex’s professional, trusted and regulated products, all without the need for specialized expertise or the use of complicated platforms.”
Hashdex’s industry-leading products and services, including the firm’s latest staking program, allow investors pathways to fully participate in the crypto ecosystem. In addition to benefiting from the potential price appreciation of crypto assets, Hashdex’s Staking Program provides investors with the ability to earn additional yield on their tokens as staking rewards and mitigates the impact of token dilution, all while contributing to network security. The Program will automatically be incorporated in the firm’s funds and ETFs in the Cayman Islands, Brazil and Chile, with the exception of bitcoin-only products. This in turn enables Hashdex to offer higher net returns on its products, as the staking rewards will offset the impact of costs and, depending on the product, either lower the management fee, reduce the tracking error or generate outperformance.
“The ever growing interest and adoption across crypto assets, especially as a result of challenges within the banking sector, reiterates investors’ enthusiasm for this important sector,” said Bruno Caratori, Co-Founder & COO of Hashdex. “Staking provides numerous benefits to the blockchain ecosystem that span from helping to secure the blockchain network, to facilitating governance, to improving efficiencies, and to regulating the supply and demand of tokens. As pioneers of this new approach to transparently allow investors to benefit from staking rewards, we are thrilled to set a new standard that any ETF issuer with proof of stake crypto assets should return the staking rewards value to clients, even when the ETF is not a staked ETF.”
To carry out the Staking Program, Hashdex has carefully selected providers with an excellent track record and risk controls that minimize the possibility of any losses during the staking process. All selected providers offer insurance against loss for operational errors or misbehavior. Moreover, to ensure sufficient liquidity for redemption or other needs, Hashdex always keeps a portion of each crypto asset unstaked. Staked crypto assets are held by the same qualified custodians that hold the firm’s unstaked assets, including Coinbase Custody and Bitgo. As part of Hashdex’s ongoing mission to provide investors around the world with the opportunity to participate in the crypto ecosystem through innovative products and services, the firm is reviewing additional regions in which to expand its Staking Program.
With offices in Brazil, the United States, and Europe, Hashdex is a renowned leader in the development of industry-first crypto offerings that enable global investors to participate in the crypto ecosystem. Nasdaq developed, in partnership with Hashdex, the Nasdaq Crypto Index™ (NCI™), which benchmarks the institutionally investable crypto market, and listed the world’s first crypto ETF, the Hashdex Nasdaq Crypto Index ETF, on the Bermuda Stock Exchange. Hashdex currently has more than 225,000 investors globally in its products.
About Hashdex
Hashdex is a global pioneer in crypto asset management. Hashdex invites innovative investors to join the emerging crypto economy. Hashdex’s mission is to provide educational resources and best-in-class products that advance its efforts to help build pathways by opening the crypto ecosystem to the world. The firm co-developed the Nasdaq Crypto Index™ (NCI™) with Nasdaq to provide global investors with a reliable benchmark for the crypto asset class. In 2021, Hashdex introduced the world’s first crypto ETFs and other innovative products, enabling over 225,000 investors to simply and securely add crypto to their portfolios. For more information visit www.hashdex.com or follow Hashdex on Twitter or LinkedIn.
Media Contacts:
Kendal Till/Josh Gerth
Dukas Linden Public Relations
Hashdex@DLPR.com
Disclaimer
This marketing communication has been prepared by Hashdex and does not constitute, nor form part of, an offer or invitation to subscribe, purchase, sell or otherwise dispose of any financial product issued by Hashdex.
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. An investor should consider investment objectives, risks, charges, and expenses of the investment carefully before investing.
Investments in cryptocurrencies are highly speculative and volatile and are subject to many risks. Investors could lose a part or the entirety or their investment. Due to the limited history of cryptocurrencies and the rapidly evolving nature of the cryptocurrency market, it is not possible to know all the risks involved in making an investment in cryptocurrencies, and new risks may emerge at any time. Cryptocurrencies have gained commercial acceptance only within the past decade and, as a result, there is little data on their long-term investment potential.
This material is not an offer of or an invitation by or on behalf of Hashdex or any other person to subscribe for or to purchase any products of Hashdex. This material is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this material or its accuracy or completeness. The information in this material is subject to change.
Hashdex products are not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the Nasdaq Corporations). The Nasdaq Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Products. The Nasdaq Corporations make no representation or warranty, express or implied to the owners of the Products or any member of the public regarding the advisability of investing in securities generally or in the Products particularly, or the ability of the Nasdaq Crypto Index to track general crypto market performance. The Nasdaq Corporations only relationship to Hashdex and its group (Licensee) is in the licensing of the Nasdaq®, Nasdaq Crypto Index™, NCI™ and certain trade names of the Nasdaq Corporations and the use of the Nasdaq Crypto Index which is determined, composed and calculated by Nasdaq without regard to Licensee or its products. Nasdaq has no obligation to take the needs of the Licensee or the owners of the products into consideration in determining, composing or calculating the Nasdaq Crypto Index. The Nasdaq Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the products to be issued or in the determination or calculation of the equation by which the products are to be converted into cash. The Nasdaq Corporations have no liability in connection with the administration, marketing or trading of the products.
