US Crypto Firm Buys into Swiss Criptonite

Interest in digital assets in Europe is so strong that a US crypto investment management company is building on its existing partnership with a Swiss crypto firm to meet the demand.

SEC-regulated Wave Financial is buying a minority stake in Criptonite, as it aims to increase its offering for digital assets in Europe, it said in a statement Thursday.

The move is a first step toward fully acquiring the Geneva-based digital asset manager.

We have seen unprecedented demand from institutional and other accredited investors for professionally managed digital asset funds in Europe, Matteo Dante Perruccio, president of International at Wave Financial said.

For Criptonite it opens a new era, in which we will have the opportunity to propose a unique investment offering, Florian Rais, founder, and CEO of Criptonite Asset Management said.

Since partnering in 2021, the two companies have launched several Actively Managed Certificates (AMCs) in Europe.