US Crypto Firm Buys into Swiss Criptonite
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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.
Questions & Answers
Q.Why is Wave Financial buying a stake in Criptonite?
Why is Wave Financial buying a stake in Criptonite?
Wave Financial is buying a minority stake in Criptonite to increase its offering for digital assets in Europe. There has been unprecedented demand from institutional and accredited investors for professionally managed digital asset funds in the region.
Q.What is Wave Financial's long-term goal with Criptonite?
What is Wave Financial's long-term goal with Criptonite?
This acquisition of a minority stake is described as a first step. Wave Financial's ultimate aim is to fully acquire the Geneva-based digital asset manager, Criptonite.
Q.What have Wave Financial and Criptonite achieved together previously?
What have Wave Financial and Criptonite achieved together previously?
Since forming a partnership in 2021, the two companies have successfully launched several Actively Managed Certificates (AMCs) across Europe, building on their existing collaboration.
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