Hashdex announced this Monday (17) that it will launch the first ETF of B3, the Brazilian stock exchange, focused on the universe of decentralized finance, also called DeFi. It should debut on the exchange in February, with the code DEFI11.
According to the company, the objective is to offer investors a “diversified, safe and regulated” exposure to all segments of the value chain of the decentralized finance ecosystem.
One ETF (Exchange Traded Fund) is a product whose performance is referenced in indices, thus following the performance of several companies in a single investment. Today, there are 56 available on B3.
“Decentralized finance is nothing more than applications based on blockchain and smart contracts that enable the creation of a new infrastructure for traditional financial services, such as loans, insurance and value transactions”, says Marcelo Sampaio, president of Hashdex.
The ETF emerged from a partnership with CF Benchmarks, a benchmark index tester. crypto assets. It will mirror the “CF DeFiModified Composite Index”, an index that seeks to represent the sector encompassing assets according to eligibility criteria.
DEFI11 should initially have 12 assets, divided into three categories. The DeFi Protocols will have the shares of Unisawap, AAVE, Compound, Maker, Yearn, Curve, Synthetix and AMP.
The Support Protocols, aimed at storing and querying data, bring together Polygon, Chainling and The Graph. Finally, the Registry Platforms, a blockchain where transactions are validated and registered, will have the Ethereum.
With the launch, Hashdex will offer the fourth fintech cryptocurrency ETF on B3. It launched the exchange’s first cryptocurrency ETF, HASH11, which already has more than 125,000 investors and BRL 2.6 billion under management.
In 2021, BITH11, a product aimed at green bitcoin, and ETHE11, which fully invests in Ethereum, were also launched.
The ETF offering is coordinated by XP, Itaú BBA and Banco Genial, and the fund will have a total management fee of 1.3%. The projection is that the initial investment per share will be R$ 50.
Reference: CNN Brasil