Victory Capital will enter the crypto market

Investment management company Victory Capital announced that it intends to enter the cryptocurrency market and shared its plan. Private funds will be launched using the Nasdaq Crypto Index (NCI), a multi-coin index co-developed by Nasdaq and Hashdex. This will be calculated on experienced
Victory Capital, Nasdaq and Hashdex about their collaboration

Victory Capital spokesman Mannick Dillon shared his opinion that cryptocurrency is a viable asset class that can be part of a well-diversified portfolio:

Victory Capital will enter the crypto market

“By investing in a portfolio dedicated to NCI tracking, investors can seek returns that match the cryptocurrency market in a diversified manner, gaining access to a variety of digital assets as the market continues to evolve and evolve. We are now also actively looking at other tools and shells to bring these opportunities to a wider range of investors. ”
Sean Wasserman, Head of Index and Advisory Solutions at Nasdaq, that partnerships with companies such as Victory Capital and Hashdex will drive digital asset innovation and innovation. Hashdex CEO Marcelo Sampaio noted that the goal was to develop an institutional-grade index strategy that would allow beta ownership in the cryptoasset class:
“We have created a dynamic indexing strategy that allows non-US investors to categorize assets by asset class rather than trying to pick winners. We are thrilled to partner with Victory Capital and Nasdaq to bring our investment opportunities to the US market in the future. ”
FX24

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