Leading Brazilian investment bank BTG Pactual has launched a new platform that enables customers to make directly investments in cryptocurrencies.

The bank'due south Mynt platform currently allows users to purchase Bitcoin (BTC) and Ether (ETH), with BTG Pactual expressing its intention to launch back up for additional crypto assets in the future. Andre Porthilo, BTG Pactual's head of digital assets, stated:

"At this first moment, we will have the two main avails of the market, but we will include other cryptos for trading over fourth dimension. We will have a complete platform with blockchain-based avails."

BTG Pactual CEO, Roberto Sallouti, described Mynt's cosmos equally beingness in response to "demand from our customers who wish to merchandise crypto."

Sallouti added that Mynt plans to host education content designed to inform new users well-nigh cryptocurrencies and blockchain technology, stating: "As a new asset class, we volition also have content to educate and inform our customers about these assets and the technology."

According to local news outlet The Rio Times, Mynt's launch makes BTC Pactual the get-go major Brazilian financial institution to allow its customers to "participate direct" in the crypto asset markets.

Porthilo asserted that the banking company's status as being regulated past both the Brazilian Securities Commission and local central depository financial institution will lend credibility to the country'south burgeoning crypto sector.

"With the support of BTG Pactual, Mynt has central differentials in security and brownie," he said, adding the characteristics "are fundamental in a new category of investments with which about people [are] non yet used to."

Related: Visa reportedly aims to integrate Bitcoin payments in Brazil

Mynt is not BTG Pactual'south first foray into the crypto sector, with the bank launching its real manor-backed security token ReitBZ in 2022 after spending a couple of years examining digital assets.

In Apr of this year, BTG Pactual too became the offset Brazilian investment bank to launch a crypto fund later on unveiling its Bitcoin 20 Multi-Market Investment Fund.