According to ChainCatcher, Brazil's largest private asset manager, Itaú Asset Management, has established a dedicated crypto department within its mutual fund segment. Itaú Asset manages assets exceeding 1 trillion reais (185 billion USD) for its clients.

Currently, the company offers 10 trading pairs including BTC/ETH/SOL/USDC and has developed its own custody solutions. Existing products include Bitcoin ETFs and exposure to digital assets within pension funds. The new department will focus on strategies around fixed income, derivatives, and staking to advance digital asset investments.