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Victory Capital Holdings has outlined plans to enter the cryptocurrency market through its wholly-owned investment adviser, Victory Capital Management. To do so, the branch has partnered with Nasdaq and crypto-focused asset manager Hashdex.
The asset manager will serve as the exclusive sponsor of private placement funds and other products for US-based investors. They will be based on the Nasdaq Crypto Index (NCI), which was developed by Nasdaq and Hashdex. Apart from the private fund, which will be available for accredited investors only, Victory Capital will offer other products tracking the Nasdaq Bitcoin Reference Price index and the Nasdaq Ethereum Price Index soon. “We continually strive to provide our clients with the forward-thinking choices they want and believe cryptocurrency is a viable asset class that can be part of a well-diversified portfolio,” commented Mannik Dhillon, CFA, CAIA, and President of VictoryShares and Solutions.
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