Brazilian Asset Manager Hashdex to Launch DeFi ETF Including UNI, AAVE and COMP

The product will be listed on the Brazilian stock exchange B3 as of February.

AccessTimeIconJan 18, 2022 at 3:04 p.m. UTC
Updated May 11, 2023 at 7:17 p.m. UTC

This article is adapted from CoinDesk Brasil, a brand-new partnership between CoinDesk and InfoMoney, one of Brazil's leading financial news publications. Follow CoinDesk Brasil on Twitter.

Brazil-based crypto asset manager Hashdex will launch an exchange-traded fund (ETF) following 12 decentralized finance (DeFi) tokens.

The product will be listed on the Brazilian stock exchange B3 as of February, the company said, adding that reserve orders to purchase shares will be available beginning Tuesday.

Developed in partnership with global crypto index provider CF Benchmarks, DEFI11 will mirror the CF DeFi Modified Composite Index, an index that features tokens of Uniswap (UNI), Aave (AAVE), Compound (COMP) and Maker (MKR) among others.

According to Hashdex, 70% of the ETF will be composed of DeFi protocols, 15% of smart contracts platforms and the remainder of DeFi protocol supports, including identity verification and scalability solutions such as Polygon (MATIC), Chainlink (LINK) and The Graph (GRT).

"Investing in DeFi is the same as investing in the fintech companies of the future. It is a very promising market that, because of its disruptive technologies, can grow exponentially in the coming years," Hashdex CEO Marcelo Sampaio said in a statement.

In April 2021, Hashdex launched Brazil and Latin America's first crypto ETF, HASH11, which has more than 130,000 investors and ranks as the second most purchased future on B3, according to the Brazilian stock exchange.

Brazilian banks XP, Itaú BBA and Banco Genial will coordinate the offering of the ETF, Hashdex said.

This article was translated by Paulo Alves and Andrés Engler, and edited by CoinDesk. The original Portuguese can be found here.


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Paulo Alves is a crypto editor at InfoMoney, a leading financial news publication in Brazil.

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