Hashdex, a cryptocurrency asset management, launched its Staking Program for non-Bitcoin funds and ETFs in Brazil, Chile, and the Cayman Islands.
The debut of its Staking Program for all non-bitcoin funds and ETFs has been announced by Hashdex, a global asset manager with a concentration on cryptocurrencies. Brazil, Chile, and the Cayman Islands will all offer this service. Investors in qualifying funds will profit from staking prizes to increase returns, either through partial or total reimbursement of the management cost.
Hashdex is dedicated to consistently delivering cutting-edge goods that satisfy the demanding requirements of international professional investors. According to Marcelo Sampaio, co-founder and CEO of Hashdex, “Our new Staking Program further reinforces our unmatched ability to evolve in-line with the growing crypto ecosystem.”
“One of the main advantages of some cryptocurrencies is staking. It provides passive income and makes lucrative staking rewards available to both institutional and ordinary investors. It continues to support the underlying blockchains’ security throughout.
“Investors will benefit from staking through Hashdex’s competent, dependable, and regulated products through our program. All of this without the use of complicated platforms or specialized knowledge, Sampaio said.
Providing greater rewards
Investors have access to pathways through Hashdex’s products and services, including the company’s most recent staking program, to fully participate in the cryptocurrency ecosystem. Hashdex’s Staking Program gives investors the chance to increase the return on their tokens as staking rewards and reduces the effects of token dilution in addition to allowing them to profit from the possible price growth of crypto assets.
This helps to maintain network security all the while. The Cayman Islands, Brazil, and Chile funds and ETFs of the company will automatically include the Program. With the exception of goods that exclusively support bitcoin. By offsetting the effects of costs and, depending on the product, either lowering the management charge, reducing the tracking error, or producing outperformance, the staking rewards enable Hashdex to offer larger net returns on its products.
Bruno Caratori, co-founder and COO of Hashdex, stated that the ever-increasing interest and acceptance across crypto assets, particularly as a result of difficulties within the banking industry, “reiterates investors’ enthusiasm for this important sector.” “Staking offers the blockchain ecosystem a number of advantages, including assisting in network security, aiding governance, increasing efficiency, and controlling the supply and demand of tokens.
“We are excited to establish a new benchmark as the creators of this innovative strategy that transparently enables investors to profit from staking benefits. Even if the ETF is not a staked ETF, any ETF issuer with crypto assets with proof of stake shall pay to clients the value of the staking incentives.
Guaranteeing survival
Hashdex has carefully chosen providers with a strong track record and risk controls to carry out the Staking Program. those that lessen the chance that any losses could occur throughout the staking process. The chosen providers all provide insurance against loss due to operational mistakes or inappropriate behavior.
Moreover, Hashdex always reserves a portion of each cryptocurrency asset unstaked to provide adequate liquidity for redemption or other needs. The same licensed custodians, such as Coinbase Custody and Bitgo, who handle the firm’s unstaked assets also hold its staked cryptocurrency holdings.
Giving investors the chance to take part in the cryptocurrency ecosystem is a constant goal of Hashdex. enabling them to do so with cutting-edge goods and services. The company is considering adding more areas to its Staking Program.
Nasdaq produced the Hashdex-Nasdaq Crypto Index. Institutional cryptocurrency market benchmark. The Bermuda Stock Exchange lists the first cryptocurrency ETF, Hashdex Nasdaq Crypto Index ETF. Over 225,000 people worldwide buy Hashdex goods.
