Brazil's largest private asset management firm Itaú Asset has established a dedicated encryption department.

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According to ChainCatcher news reported by Cointelegraph, Brazil's largest private asset management firm Itaú Asset Management has established a dedicated encryption department in the mutual fund zone. It is reported that Itaú Asset manages assets worth over 1 trillion reais (185 billion dollars) for its clients. Currently, the company has provided 10 trading pairs including BTC/ETH/SOL/USDC and developed its own custody solution. The 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.

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