Brazil’s Itaú Asset Management Launches Dedicated Crypto Unit to Oversee $185B in Assets

Key Takeaways:Itaú Asset Management, Brazil’s largest private asset manager, has created a crypto unit within its mutual fund division.The firm manages over 1 trillion reais ($185 billion) and already offers Bitcoin ETFs and digital asset exposure in pension funds.The new unit will expand into fixed income, derivatives, staking, and in-house custody services.Itaú Asset Management, Brazil’s largest private asset manager, has launched a dedicated crypto division as part of its mutual fund sector, according to ChainCatcher.The firm, which oversees more than 1 trillion reais ($185 billion) in assets, aims to expand institutional adoption of digital assets. Currently, Itaú offers 10 trading pairs, including BTC, ETH, SOL, and USDC, while also providing in-house custody services.Its product lineup already features Bitcoin exchange-traded funds (ETFs) and pension funds with digital asset exposure. With the new crypto unit, Itaú plans to push deeper into fixed income strategies, derivatives, and staking opportunities, signaling a stronger long-term commitment to blockchain-based finance.