McLaughlin will be in charge of expanding and distributing Hashdex’s cryptocurrency-based ETF products in the US market.
To increase its exposure to the digital asset market in the region, Hashdex, an asset management company established in Brazil, has named Mick McLaughlin, a former BlackRock executive, as its head of distribution in the United States.
The company announced that McLaughlin will oversee the expansion and distribution of Hashdex’s cryptocurrency-based exchange-traded fund (ETF) products in the US market. In addition, he will bolster the sales force in the United States.
Former Bitwise Executive, BlackRock iShares
McLaughlin was the chief distribution officer at Bitwise Asset Management and a crypto asset manager before joining Hashdex. Additionally, he has held positions at Barclays, BlackRock iShares, and Deutsche Bank. He started his career at Prudential Securities and held Russell Investments and Hartford Funds roles.
“As a crypto-only asset manager, the company has shown a dedication to digital assets worldwide, not only by offering industry-leading products but also by offering comprehensive training and assistance for investors of all sizes,” McLaughlin stated in a press release.
Growth of Global ETFs
The second Solana ETF, called the “Hashdex Nasdaq Solana Index Fund,” was approved by the Brazilian Securities and Exchange Commission (CVM) earlier this year. Hashdedx manages it with BTG Pactual, a significant Brazilian investment bank.
For the first-ever spot Exchange-Traded Fund (ETF) that tracks several digital assets, Hashdex submitted an S-1 form to the US Securities and Exchange Commission (SEC) earlier this year.