Hashdex
“Can a disciplined, index-based approach make institutional-grade crypto investing accessible to financial advisors and allocators worldwide?”
Founded2018
HQNew York, NY, USA (registered: Grand Cayman, Cayman Islands)
FoundersBruno Caratori, Bruno Ramos de Sousa
Total raised$25.5M
Latest roundSeries unknown, single disclosed round
IndustryFintech / Investment
The story
Founded in 2018 in Brazil, Hashdex pioneered institutional-grade crypto index investing, launching the world's first crypto index ETF on the Brazilian exchange in 2021. The firm expanded globally by co-developing the Nasdaq CME Crypto Index with Nasdaq, positioning itself as the institutional benchmark provider for crypto. By 2024, Hashdex successfully launched the first multi-asset crypto ETF in the US market. The company now operates as a global crypto asset manager with products across eight countries, focused on replacing the complexity of direct crypto custody with regulated, index-based ETFs.
Product timeline
2018
Hashdex founded in Brazil as a crypto asset manager focused on index-based crypto investment products.· pivot
2021
Launched world's first crypto index ETF in Brazil, listed on the Brazilian stock exchange.· banking
2022
Co-developed the Nasdaq CME Crypto Index (NCI) with Nasdaq as the institutional benchmark for crypto assets.· banking
2023
Expanded globally across eight countries; US, EU, Switzerland offices operational; began pursuit of US spot crypto ETF approval.· pivot
2024
Launched Hashdex Bitcoin ETF (DEFI) and Hashdex Nasdaq CME Crypto Index ETF (NCIQ) in the US as the first multi-asset crypto ETF.· card
2026
Announced closure of Hashdex Bitcoin ETF (DEFI); surpassed $1B in AUM across crypto index products globally.· pivot
Regulated entities
5
regulatory licences held by Hashdex
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
0 layers disclosed in Hashdex’s embedded-finance stack
Accounting gap: none