Brazilian cryptocurrency asset manager Hashdex has received a permit to list exchange-traded products on SIX Swiss stock exchange as part of its expansion plans.
The approval is reportedly an important step for Hashdex in its plans to deploy products targeting the European markets.
The news comes after the company announced the appointment of a new managing director for Europe’s division, Laurent Kssis. Kssis previously served as a director at 21Shares.
More than 70 cryptocurrency ETPs worth $7 billion have reportedly been approved in Europe, even as the US Securities Exchange Commission moves cautiously on the same.
Hashdex has been adding staff in London, Paris, Lisbon, and Zurich in its regional expansion plans as the market for cryptocurrency ETFs gain steam on the continent.
The Brazilian company launched the Nasdaq Crypto Index ETF at the start of 2021 and later a DeFi ETF in February 2022 and a Web3 fund in March.