-
Back to menu
Prices
-
Back to menu
-
Back to menu
Indices -
Back to menu
Research
-
Back to menu
Events -
Back to menu
Sponsored
-
Back to menu
Videos -
Back to menu
-
Back to menu
-
Back to menu
Webinars
Select Language
The new unit, led by former Hashdex executive João Marco Braga da Cunha, will operate within Itaú’s multidesk investment structure, which oversees $21.6 billion in assets.
By Francisco Rodrigues|Edited by Cheyenne Ligon
Sep 6, 2025, 2:56 p.m.
- Itaú Asset Management, Brazil’s largest private asset manager, has formed its first dedicated crypto division.
- The new unit, led by former Hashdex executive João Marco Braga da Cunha, will operate within Itaú’s multidesk investment structure, which oversees $21.6 billion in assets.
- Itaú has been gradually increasing its presence in crypto markets, having launched a bitcoin ETF, a retirement plan with BTC exposure, and direct trading of cryptocurrencies through its mobile app.
Brazil’s largest private asset manager Itaú Asset Management has formed its first dedicated crypto division and named João Marco Braga da Cunha, a former executive at Hashdex, to run the new unit.
The division, local news outlet Livecoins reports, will sit within Itaú’s multidesk investment structure, which oversees more than 117 billion reais ($21.6 billion) across 15 trading desks. The crypto team joins groups focused on equities, credit, and systematic strategies, with the goal of expanding Itaú’s lineup of digital asset products.
STORY CONTINUES BELOW
Itaú has over time been moving into crypto markets. Since 2022, it has offered a bitcoin exchange-traded fund (BITI11) and a retirement plan with BTC exposure. Together with its Itaú Bitcoin Index fund, these products hold about 850 million reais ($152 million) in assets.
More recently, Itaú began offering direct trading of cryptocurrencies through its mobile app, including BTC and ETH, with custody provided in-house. The bank has also mulled launching its own stablecoin.
The new unit is expected to roll out products that range from fixed-income-style instruments to higher-risk funds tied to derivatives.
More For You
By Will Canny, AI Boost|Edited by Aoyon Ashraf
21 minutes ago
One of the most important benefits these vehicles offer is enhanced liquidity, the report said.
What to know:
- Bank of America calls tokenization the next major vehicle for financial assets.
- Benefits include liquidity, instant settlement, fractional ownership, transparency, lower fees and smart contract automation.
- Adoption faces hurdles from regulatory uncertainty, custody risks, tech vulnerabilities, legacy integration and competition from existing markets, the report said.
