$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq


An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and asset manager Hashdex.

Asset Management Firm Entering Crypto Market

Victory Capital Holdings Inc. (Nasdaq: VCTR) unveiled its plans to enter the cryptocurrency market Wednesday. Victory Capital is a diversified global asset management firm with $157.1 billion in assets under management as of April 30. The firm provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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The company said that its wholly owned investment adviser, Victory Capital Management Inc., “has established exclusive agreements” with Nasdaq and asset manager Hashdex Ltd. in advance of plans to enter the cryptocurrency market, adding:

Victory Capital will be the exclusive sponsor of private placement funds and other vehicles for U.S. investors, based on the Nasdaq Crypto Index (NCI), a multi-coin crypto index co-developed by Nasdaq and Hashdex.

Victory Capital

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