Introduction
Brian Brooks, the former CEO of Binance US, has joined the board of directors of Hashdex, a Brazilian asset management firm that specializes in cryptocurrency exchange-traded funds (ETFs). Brooks, who also served as the Acting Comptroller of the Currency in the US Treasury, brings a wealth of experience in both traditional finance and the cryptocurrency industry to Hashdex.
Brooks’ Background
With a background in traditional finance, Brooks has held leadership positions at several major financial institutions, including Fannie Mae and OneWest Bank. He also served as the general counsel of Coinbase before joining Binance US as CEO in 2020.
During his time at Binance US, Brooks helped the exchange navigate the complex regulatory landscape of the US cryptocurrency market. His experience in compliance and regulation will be invaluable to Hashdex as it continues to expand its cryptocurrency ETF offerings.
Hashdex’s ETFs
Hashdex currently offers several cryptocurrency ETFs, including the Hashdex Nasdaq Crypto Index ETF and the Hashdex Digital Assets Index ETF. These funds are designed to provide investors with exposure to the cryptocurrency market without the need to directly hold cryptocurrencies.
Brooks’ appointment to the board of directors is part of Hashdex’s efforts to strengthen its position in the cryptocurrency market and expand its ETF offerings. According to Hashdex CEO Marcelo Sampaio, “Brian’s experience in traditional finance and his deep understanding of the cryptocurrency industry make him an invaluable addition to our board.”
Related:Polychain Capital and CoinFund Raise $350M for Crypto Funding
Conclusion
Brian Brooks’ appointment to the board of directors of Hashdex is a significant development for the Brazilian asset management firm. With his extensive experience in both traditional finance and the cryptocurrency industry, Brooks is well-positioned to help Hashdex continue to grow its cryptocurrency ETF offerings and navigate the complex regulatory landscape of the market.
