April 17, 2024


Simply Consistent

TECH TUESDAY: XP Inc. to Create XTAGE, Digital Assets Trading Platform, Leveraging Nasdaq Technology

TECH TUESDAY is a weekly information sequence that handles all elements of money marketplaces technologies. TECH TUESDAY is made in collaboration with Nasdaq.

SÃO PAULO–(Business WIRE)– XP Inc. (Nasdaq: XP), a foremost, engineering-driven platform and a trusted supplier of minimal-price economic products and expert services in Brazil, introduced today the development of XTAGE – a new investing system for digital assets in collaboration with Nasdaq, a world-wide leading technological innovation corporation serving the capital markets and other industries.

XTAGE signifies a critical milestone in democratizing accessibility to the electronic belongings marketplace in Brazil. Developed on Nasdaq’s major investing know-how, XP’s platform is uniquely positioned to flexibly scale as it grows and introduces new solutions and companies. The platform is predicted to be operational by the conclusion of the 2nd quarter of 2022.

“At XP, we are driven by our mission to democratize entry to investments, supplying buyers with an expanded and diversified portfolio of economical merchandise that are at the forefront of world-wide innovation,” suggests Lucas Rabechini, Director of Financial Solutions at XP Inc. “The creation of XTAGE represents a major milestone in advancing on the digital assets marketplace and in our ability to give traders elevated accessibility to the emerging ecosystem. By way of the technologies partnership with Nasdaq, we are confident that XP will run on an modern and sturdy funds industry infrastructure,” he adds.

“We enter this marketplace with a solid crew of varied talent, skill-sets and activities, which more enables us to proficiently collaborate with sector main partners and establish this system in document time,” said Bruno Constantino, Chief Fiscal Officer at XP Inc. “At the time of launch, our 3.5 million existing prospects will have obtain to the trading platform straight in the current app that they previously use.”

“We are happy to lover with XP as they progress on their electronic property approach. The know-how partnership amongst Nasdaq Market Technologies and XP is a foundational pillar in their growth into digital property and will open up up new chances for traders,” said Roland Chai, Govt Vice President and Head of Industry Infrastructure Technological innovation, Nasdaq. “Nasdaq’s sturdy and adaptable infrastructure technologies, intended to fulfill current market anticipations as well as present and potential regulatory frameworks, will empower XP to reliably scale their system and introduce new asset lessons as they increase and evolve. We appear forward to continuing our technology partnership with XP as they bolster their choices and further innovate the digital property ecosystem and past.”

The buying and selling system will be thoroughly built-in into XP Inc´s ecosystem, providing customers a frictionless approach to devote making use of existing XP companies. The new platform will at the time of the start offer buying and selling in crypto currencies. In the medium phrase, XP plans to broaden its providing to involve added styles of property, as industry developments and investor urge for food continue to evolve.

About XP

XP is a top, engineering-driven platform and a dependable service provider of low-cost monetary products and companies in Brazil. XP’s mission is to disintermediate the legacy products of conventional economical establishments by:

  • Educating new classes of investors
  • Democratizing access to a wider array of monetary services
  • Creating new economical goods and engineering apps to empower shoppers and
  • Furnishing significant-quality consumer support and shopper knowledge in the market in Brazil.

XP provides prospects with two principal types of offerings, (i) economic advisory providers for retail purchasers in Brazil, significant-web-worth shoppers, international clientele and corporate and institutional consumers, and (ii) an open economical item system giving entry to over 800 expenditure solutions like equity and set profits securities, mutual and hedge cash, structured solutions, everyday living insurance policy, pension plans, genuine-estate investment funds (REITs) and other folks from XP, its associates and opponents.

Forward Searching Statements

This push release includes “forward-looking statements” within the indicating of the “safe harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. These forward-searching statements are made as of the date they ended up very first issued and were being centered on present-day expectations, estimates, forecasts and projections as perfectly as the beliefs and assumptions of administration. Phrases these types of as “expect,” “anticipate,” “should,” “believe,” “hope,” “aim,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variants of these phrases or the damaging of these phrases and related expressions are meant to determine these statements. Ahead-searching statements are subject matter to a range of challenges and uncertainties, quite a few of which contain variables or situation that are beyond XP Inc’s command. XP, Inc’s actual effects could vary materially from individuals stated or implied in ahead-on the lookout statements due to quite a few components, which include but not limited to: opposition, alter in clients, regulatory actions, a improve the external forces amid other things.

André Martins Antonio Guimarães Marina Montemor

Trader Get hold of: [email protected] IR Internet site: traders.xpinc.com

Source: XP Inc.