Wave Financial Acquires Geneva Based Criptonite Asset Management
Summary
This is the first step of a planned full acquisition, subject to regulatory approval, expected to be completed by the end of 2022.The acquisition follows the strategic partnership between the two companies back in 2021 and Criptonites launch of several Actively Managed Certificates (AMCs) of Wave Financials flagship digital asset funds in Europe, including the Wave Bitcoin Income & Growth and NFT funds. 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 Financials 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. "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. 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.