Brazil's largest private asset management firm Itaú Asset establishes a dedicated cryptocurrency department

ChainCatcher news, according to Cointelegraph, Brazil's largest private asset management firm Itaú Asset Management has established a dedicated cryptocurrency department within its mutual fund sector. It is reported that Itaú Asset manages assets worth over 1 trillion reais (185 billion USD) for its clients.

Currently, the company offers 10 trading pairs including BTC/ETH/SOL/USDC and has developed its own custody solutions. Existing products include Bitcoin ETFs and exposure to digital assets in pension funds; the new department will advance digital asset investments focusing on strategies such as fixed income, derivatives, and staking.