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Wave Financial Acquires Stake in Geneva Based Criptonite Asset Management

DD Month, 2022, Los Angeles, US, Geneva, CH and London, UK - Wave Financial LLC (Wave), the SEC regulated digital asset investment management company, is pleased to announce that it has acquired a minority stake in FINMA regulated Swiss based crypto investment manager Criptonite Asset Management.

This strengthened “collaboration” follows the strategic partnership between the two companies back in 2021 and Criptonite’s launch of several Actively Managed Certificates (AMCs) of Wave Financial’s flagship digital asset funds in Europe, including the Wave Bitcoin Income & Growth and NFT funds. By participating in Criptonite, Wave will be able to take advantage of increasing demand for regulated digital asset investment fund products in Europe

Matteo Dante Perruccio, President International at Wave Financial said:

“We have seen unprecedented demand from institutional and other accredited investors for professionally managed digital asset funds in Europe. There seems to be a flight to quality taking place, so it makes sense to take our relationship with Criptonite to the next level. They share our strong focus on risk management and compliance and have been a fantastic partner over the past twelve months and we are excited to be solidifying that relationship.

“This acquisition is Wave Financial’s first outside the US, but will not be our last as we are actively looking for other partners to bring our diverse set of digital asset funds and solutions to accredited investors around the world.”

David Siemer, Co-Founder and CEO at Wave Financial said:

“As a SEC regulated digital asset management firm, which has demonstrated strong risk management in successfully navigating the recent market disruptions, we believe Wave is in the perfect position to leverage its strong balance sheet. This bear market is an opportunity for us to continue to grow and expand, both organically and by acquiring crypto asset managers. Wave is in discussions with several asset managers, exchanges and lenders, as we look to expand our footprint in Europe and beyond.”

Florian Rais, Founder and CEO of Criptonite AM said:

“We were already happy to obtain an operating licence from FINMA, but we are now truly thrilled to formally get together with SEC registered Wave Financial. This opens a new era for us, in which we will have the opportunity to propose a unique investment offering. Wave’s client references and investment talents is certainly an answer to strict requirements of our own clients and prospects. We come with a wealth and asset management DNA, setting ambitious growth targets, knowing that our common solution is here to bring unique comfort to investment professionals pressured in providing crypto investment solutions to their own clients.”

About Wave Financial

Wave Financial LLC (Wave) is a Los Angeles based Crypto investment management company that provides institutional and private wealth digital asset management solutions. Led by a team of highly experienced financial services professionals, Wave provides crypto investment solutions with a focus on yield generation through investable funds as well as managed accounts for HNWIs and family offices seeking tailored digital asset exposure, bespoke treasury management services and early-stage venture capital and strategic consultation to the digital asset ecosystem. Wave is registered with the US Securities & Exchange Commission as an investment adviser, CRD# 305726.

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