Brazil’s largest private asset manager Itaú launches the Division dedicated to Crypto

Brazilas

The division, local news outlet The Livecoins reportSit within the ITAú’s multides’ investment structure, administering more than 117 billion reais ($ 21.6 billion) Throughout 15 trading desks. The crypto team joins groups dedicated to equities, credit, and systematic techniques, with the aim of expanding the ITAú lineup of digital asset products.

Itaú is over time moved to crypto markets. Since 2022 it has offered a bitcoin Funds exchanged by the exchange (Biti11) and a retirement plan with exposure to BTC. Along with the ITAú Bitcoin Index fund, these products hold nearly 850 million Reais ($ 152 million) In the assets.

Most recently, itaú began to offer direct trading of cryptocurrencies through the mobile app, including BTC and ETH, with caution provided indoors. The bank has also had Mulled launch of its own stablecoin.

The new unit is expected to release products range from instrument -style instruments with high risk to high risk funds tied to derivatives.