Itaú Launches Dedicated Crypto Division, Expanding Digital Asset Services

Brazil’s leading private asset manager, Itaú Asset Management, has launched a new dedicated division focused on cryptocurrencies. The move marks the bank’s significant commitment to the digital asset market and follows a growing demand for cryptocurrency services from its clients. This division, overseen by João Marco Braga da Cunha, who previously worked at Hashdex, will operate within Itaú’s multi-desk investment structure, which manages over US$23.4 billion in assets. 🤯 The bank has also provided customers with direct access to Bitcoin and Ether through their mobile app since December 2024, further demonstrating its embrace of the digital currency market.