Cryptocurrencies
Coinbase, SoftBank, Valor Capital Fund Brazilian Crypto Firm
- Hashdex raises $26 million in round led by Valor Capital
- Firm seeks to launch new products in Brazil, expand abroad
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A Brazilian money management firm focused on cryptocurrencies said it raised about $26 million of new funding from investors including SoftBank Group Corp. and Coinbase Global Inc.
Hashdex Gestora de Recursos Ltda said a bulk of the funds came from venture capital firm Valor Capital Group, with SoftBank and Coinbase Ventures, an arm of the U.S.’s biggest cryptocurrency exchange, also participating. Others included Brazil’s Igah Ventures, Globo Ventures and Canary.