Itaú, Brazil’s largest bank by assets under management, now sells clients 15 different crypto assets through its investment app, including Bitcoin, Ethereum, and the dollar-pegged stablecoin USDC.
Nubank, Brazil’s largest fintech, lists 28. Banco do Brasil, Brazil’s most lucrative public bank, which started letting customers buy Bitcoin and Ethereum directly in January, told Folha de S.Paulo the service has already moved more than $11 million reals ($2.1 million) in transactions.
None of that money touches the banks’ own balance sheets. Central Bank filings dated March 2026 and reviewed by Folha show zero holdings of virtual assets on…
