Business
XP Inc. to Create XTAGE, Its Digital Assets Trading Platform
SÃO PAULO--(BUSINESS WIRE)-- XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in
About this update from Xp Inc.
[{"type":"text","content":" SÃO PAULO--(BUSINESS WIRE)--\nXP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today the creation of XTAGE - a new trading platform for digital assets in collaboration with Nasdaq, a global leading technology company serving the capital markets and other industries.\n\nXTAGE represents a key milestone in democratizing access to the digital assets market in Brazil. Built on Nasdaq’s leading trading technology, XP’s platform is uniquely positioned to flexibly scale as it grows and introduces new products and services. The platform is expected to be operational by the end of the second quarter of 2022.\n\n“At XP, we are driven by our mission to democratize access to investments, providing investors with an expanded and diversified portfolio of financial products that are at the forefront of global innovation,” says Lucas Rabechini, Director of Financial Products at XP Inc. “The creation of XTAGE represents a major milestone in advancing on the digital assets market and in our ability to offer investors increased access to the emerging ecosystem. Through the technology partnership with Nasdaq, we are confident that XP will operate on an innovative and robust capital market infrastructure,” he adds.\n\n“We enter this market with a strong team of diverse talent, skill-sets and experiences, which further enables us to efficiently collaborate with industry leading partners and develop this platform in record time,” said Bruno Constantino, Chief Financial Officer at XP Inc. “At the time of launch, our 3.5 million current customers will have access to the trading platform directly in the existing app that they already use.”\n\n“We are pleased to partner with XP as they advance on their digital assets strategy. The technology partnership between Nasdaq Market Technology and XP is a foundational pillar in their expansion into digital assets and will open up new opportunities for investors,” said Roland Chai, Executive Vice President and Head of Market Infrastructure Technology, Nasdaq. “Nasdaq’s robust and flexible infrastructure technology, designed to meet market expectations as well as current and future regulatory frameworks, will enable XP to reliably scale their platform and introduce new asset classes as they grow and evolve. We look fo...