Criptonite Asset Management, a Swiss wealth management company, announced its partnership with SEC-regulated digital asset investment manager, Wave Financial (Wave) on Tuesday. In a press release shared with Finance Magnates, the Switzerland-based firm aims to address the increasing demand from European investors on crypto-related products jointly with Wave Financial.
The crypto products will be offered through investment solutions regulated, named Actively Managed Certificates (AMC). AMCs are securitized portfolios similar to exchange-traded funds (ETFs).
“Both our companies were founded with a similar focus on private investors’ needs and share a strong conviction that crypto investments must be treated with the same level of risk and investment management rigour as traditional assets. There was an immediate connection because we speak the same language, share the same vision, and our offerings certainly have parallels. All in all, I’m very excited about our new strategic partnership,” Florian Rais, CEO and Founder of Criptonite Asset Management, commented.
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Wave’s Recent Hirings
With over $500 million in assets under management, Wave Financial aims to strengthen its relationship with Criptonite AM to offer regulated investment products within the crypto sphere.
“David Siemer and Ben Tsai founded Wave Financial with the idea that, although crypto is a new asset class, investors should have access to regulated, rigorously risk-managed, compliant vehicles and strategies. As one of the early entrants in the crypto asset management sector, we have accumulated a deep knowledge of the digital asset markets and opportunities. I look forward to working with Criptonite to offer novel and highly attractive investment solutions to their professional clients. Initially, we will be focusing on specific themes, such as income growth, yield generation and diversified strategies, as well as selective portfolios,” Matteo Dante Perruccio, President International at Wave, stated.
In March, Wave Financial Group hired Heidi Pease, Justin Chuh, Samuel Eisner and Lana Anderson to expand its digital asset investment team.