[Coin World] Brazil's largest private asset management company Itaú Asset Management has established a dedicated Crypto Assets department, led by former director João Marco Braga da Cunha from a certain crypto company. This department will develop Crypto Assets products within its mutual fund framework, including fixed income instruments, derivation, and equity-based funds. Previously, Itaú launched Crypto Assets products, including direct trading of 10 Crypto Assets and a Bitcoin ETF. Brazil ranks tenth globally in terms of Crypto Assets adoption, with 18.6% of the population holding digital assets.