Digital asset manager Wave Financial crosses $500 million AUM

Karthik Subramanian

Digital asset management firm, Wave Financial, has announced that it has crossed an AUM of $500 million for the first time since its launch in 2018.

This shows the growing popularity of digital assets as a form of investment and also shows that a lot of institutional investors and HNIs are also beginning to show interest.

“Wave is one of the only cryptocurrency-focused registered investment advisors serving high-net-worth clients and institutions seeking individually tailored wealth management strategies – we believe this has been a major contributor to hitting our AUM milestone,” said Les Borsai, Chief Strategist and Co-Founder of Wave. “We set up Wave to bridge the divide between the traditional investment management space and crypto assets, and we believe Wave’s growth demonstrates that there is a seismic move by HNWIs, family offices, and institutional investors into digital assets.”

Wave has a wealth and treasury management division that serves portfolio solutions and services for large blockchain protocols, and HNIs as well.

Wave delves deeper into cryptos by offering fiat and native token management services for late protocols and crypto companies by using leading-edge staking, lending, and derivative yield strategies. This shows that even traditional financial services companies are interested in having their assets managed by experienced and regulated asset managers.

“Our focus on institutional-quality investment management, along with our highly experienced team which hails from some of the most respected traditional firms, gives our clients confidence that even though we operate in a new and volatile sector, their assets are in skilled hands,” said David Siemer, CEO, and Co-Founder of Wave. “As the digital asset space continues to grow, traditional financial services firms and HNWIs are looking for firms that are regulated and have reputable track records such as Wave to manage their assets in both fund and bespoke solutions.”

Wave also manages the crypto assets for investors and crypto companies by investing them into high-yielding strategies. The company aims to use a mix of traditional and new-age asset management techniques for cryptocurrencies to maximise the returns and this has helped the company to grow its AUM rapidly over the last few months due to the surging interest in digital assets. This also shows that the cryptos are here to stay as an asset class and would henceforth receive a part of the allocation of every asset manager due to demand from the investors and firms as well.

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