Victory Capital Plans to Enter Crypto Market

Fazzaco learned that Victory Capital, a US-based diversified global asset management firm, announced its plan to enter the cryptocurrency market by partnering with Nasdaq and financial services provider Hashdex.

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According to the announcement, Victory Capital plans to launch a private fund for accredited investors that will track the Nasdaq Crypto Index (NCI). Additionally, Victory Capital will be offering private funds that track the Nasdaq Bitcoin Reference Price Index as well as the Nasdaq Ethereum Price Index. Hashdex will provide its trading and asset management expertise to each of these products.

Mannik Dhillon, President of Victory Solutions and Victory Capital Management, said: "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. By investing in a portfolio designed to track the NCI, investors can seek returns that align with the cryptocurrency market in a diversified manner, gaining exposure to multiple digital assets as this market continues to evolve and mature. We are actively considering other vehicles and wrappers to bring these capabilities to a broader set of investors."

​Victory Capital is a diversified global asset management firm with $157.1 billion in assets under management as of April 30, 2021. The Company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.