{"id":47618,"date":"2025-09-06T08:54:02","date_gmt":"2025-09-06T01:54:02","guid":{"rendered":"https:\/\/hbbgroup.net\/brazils-largest-asset-manager-itau-asset-forms-dedicated-crypto-unit\/"},"modified":"2025-09-06T08:54:02","modified_gmt":"2025-09-06T01:54:02","slug":"brazils-largest-asset-manager-itau-asset-forms-dedicated-crypto-unit","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/brazils-largest-asset-manager-itau-asset-forms-dedicated-crypto-unit\/","title":{"rendered":"Brazil\u2019s largest asset manager Ita\u00fa Asset forms dedicated crypto unit"},"content":{"rendered":"<div data-v-43e640e6>\n<p>Ita\u00fa Asset Management, Brazil\u2019s largest private asset manager, has created a dedicated crypto division and appointed former Hashdex executive Jo\u00e3o Marco Braga da Cunha to lead the new unit.<\/p>\n<p>The unit builds on <a href=\"https:\/\/br.cointelegraph.com\/news\/itau-asset-creates-crypto-division-accelerate-adoption\" rel target=\"_self\" title=\"https:\/\/br.cointelegraph.com\/news\/itau-asset-creates-crypto-division-accelerate-adoption\">Ita\u00fa Asset\u2019s existing crypto products<\/a>, including the bank&#8217;s Bitcoin exchange-traded fund (ETF) and a retirement fund offering exposure to digital assets. Ita\u00fa Asset manages over 1 trillion reais ($185 billion) in assets for its clients.<\/p>\n<p>\u201cThe crypto asset segment has unique characteristics for generating alpha. It\u2019s a relatively new market that creates major opportunities due to its volatility,\u201d Cunha said. He previously served as portfolio management director at Hashdex, the Brazilian firm that behind one of the country\u2019s <a href=\"https:\/\/cointelegraph.com\/news\/hashdex-to-launch-web3-and-smart-contracts-etf-on-brazil-s-stock-exchange-b3\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/hashdex-to-launch-web3-and-smart-contracts-etf-on-brazil-s-stock-exchange-b3\">first crypto ETFs<\/a>.<\/p>\n<p><iframe width=\"100%\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/cL1nV-uxaG0?start=\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen loading=\"lazy\"><\/iframe><\/p>\n<p>The move adds to Ita\u00fa\u2019s broader push into digital assets. The bank already offers direct trading of 10 cryptocurrencies pairs through its mobile app, including Bitcoin, Ether, Solana and USD Coin, with custody handled in-house.<\/p>\n<p>Ita\u00fa Asset said the new division will develop additional crypto products, from fixed\u2013income\u2013style instruments to higher-volatility strategies such as derivatives and staking-based funds. The unit will operate within the firm\u2019s mutual funds structure, which oversees over 117 billion reais across 15 investment desks.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/brazil-lower-house-hold-hearing-national-bitcoin-reserve\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/brazil-lower-house-hold-hearing-national-bitcoin-reserve\"><em><strong>Brazil\u2019s lower house to hold hearing on creating national Bitcoin reserve<\/strong><\/em><\/a>\u00a0<\/p>\n<h2>Brazil leads region in crypto adoption<\/h2>\n<p>Brazil has emerged as one of the world\u2019s largest crypto markets, <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.chainalysis.com\/blog\/2024-latin-america-crypto-adoption\/\" rel=\"https:\/\/www.chainalysis.com\/blog\/2024-latin-america-crypto-adoption\/\" target=\"https:\/\/www.chainalysis.com\/blog\/2024-latin-america-crypto-adoption\/\" title=\"https:\/\/www.chainalysis.com\/blog\/2024-latin-america-crypto-adoption\/\">ranking<\/a> 10th globally in Chainalysis\u2019 \u201c2024 Global Crypto Adoption Index.\u201d<\/p>\n<figure><img decoding=\"async\" alt=\"Brazil, Latin America\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01991b01-eb27-7086-b508-3f66a17f863f\" title><figcaption><em>Source: Chainanalysis, <\/em><a href=\"https:\/\/www.chainalysis.com\/blog\/2024-global-crypto-adoption-index\/\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/www.chainalysis.com\/blog\/2024-global-crypto-adoption-index\/\"><em>2024 Global Adoption Index<\/em><\/a><\/figcaption><\/figure>\n<p>The growth has been driven by a supportive regulatory framework. In 2023, Brazil implemented its first <a href=\"https:\/\/cointelegraph.com\/news\/brazilian-president-signs-crypto-bill-into-law\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/brazilian-president-signs-crypto-bill-into-law\">comprehensive crypto law<\/a>, establishing rules for virtual asset service providers and granting the central bank oversight of the sector.<\/p>\n<p>After the law took effect, Ita\u00fa Unibanco launched c<a href=\"https:\/\/cointelegraph.com\/news\/brazil-itau-unibanco-bitcoin-trading\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/brazil-itau-unibanco-bitcoin-trading\">rypto trading for retail clients<\/a> in December 2023, initially offering trading for Bitcoin (<a href=\"http:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) and Ether (<a href=\"http:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>) inside its mobile app, with custody of the assets provided directly by the bank. <\/p>\n<p>In February 2025, Brazil\u2019s securities regulator approved the country\u2019s first <a href=\"https:\/\/cointelegraph.com\/news\/brazilian-bank-launching-stablecoin-xrpl-first-spot-xrp-etf-approved\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/brazilian-bank-launching-stablecoin-xrpl-first-spot-xrp-etf-approved\">spot XRP ETF from Hashdex<\/a>. Around the same time, local lender Braza Bank announced plans to issue a real-pegged stablecoin on Ripple\u2019s XRP Ledger.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"16111049\"><\/template><\/p>\n<p>Still, some regulatory uncertainty remains in the country. In June, Brazil introduced <a href=\"https:\/\/cointelegraph.com\/explained\/brazils-175-crypto-tax-how-the-new-rules-hurt-small-investors-most\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/explained\/brazils-175-crypto-tax-how-the-new-rules-hurt-small-investors-most\">tax reform<\/a> that replaced the progressive model with a flat 17.5% tax on all crypto capital gains.\u00a0<\/p>\n<p>The policy eliminated the long-standing exemption allowing up to 35,000 reais ($6,500) in monthly tax-free sales and extended to self-custody, offshore holdings, DeFi and NFTs transactions, along with staking yields. <\/p>\n<p>The EO faced immediate backlash and was <a href=\"https:\/\/cointelegraph.com\/news\/brazil-crypto-tax-grab-signals-what-s-coming-next\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/brazil-crypto-tax-grab-signals-what-s-coming-next\">revoked later in the same month<\/a>.<\/p>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/move-portugal-become-crypto-digital-nomad-everybody-else-is\/\" title=\"null\"><em><strong>Magazine: Move to Portugal to become a crypto digital nomad \u2014 Everybody else is<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>","protected":false},"excerpt":{"rendered":"<p>Ita\u00fa Asset Management, Brazil\u2019s largest private asset manager, has created a dedicated crypto division and appointed former Hashdex executive Jo\u00e3o [&hellip;]<\/p>","protected":false},"author":1,"featured_media":47619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-47618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/47618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=47618"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/47618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/47619"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=47618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=47618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=47618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}