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.

Read this next

Digital Assets

DoraHacks raises $20m from FTX, Liberty City, Circle, Gemini, Crypto.com, more

DoraHacks partners with several web3 ecosystems, including Solana, Polygon, and Avalanche to provide access to the global developer community and has been driving key research.

Interviews

AC Interview – Neil Swanepoel, Sales Development Representative

One of the biggest challenges faced by brokers is finding the best tools/methods to attract and convert new traders. With trading becoming increasingly more popular among Gen Z, it is this young group of up and coming traders that hold the most potential for brokers. To help better understand this unique demographic we spoke to Autochartist Sales Manager and new trader Neil Swanepoel. 

Digital Assets

BlockTower teams up with Centrifuge to bring real world assets to DeFi

The protocol empowers businesses to tokenize non-crypto assets such as mortgages, invoices and consumer credit, to create asset-backed pools that create an investment opportunity, and as a result, democratizing access to capital.

Digital Assets

Solana-powered game DeFi Land launches Play-and-Earn features

The Play-and-Earn mechanics announcement comes on the heels of a collab between DeFi Land and STEPN. DeFi Land will soon announce chain integrations, an alpha mobile version, and a multichain feature. 

Retail FX

Spotware rolls out Manager’s API for cTrader brokers

Spotware Systems, a technology provider for the electronic trading industry, has released its new Manager’s API for Brokers, providing powerful tools for server-server integration.

Metaverse Gaming NFT

Dubai Museum taps Binance to jump onto NFT bandwagon

Dubai’s Museum of the Future, the $136 million UAE government-sponsored museum that opened a few weeks ago, is joining forces with Binance NFT to roll out a range of digital products on blockchain.

Digital Assets

Ripple and Lithuanian FINCI partner for XRP-based payments

Ripple is looking to expand its presence in Europe, forming a new partnership with Lithuanian electronic money institution FINCI.

Digital Assets

Crypto.com enables Shopify merchants to accept crypto payments

Crypto.com has integrated with Canadian e-commerce giant Shopify so global merchants can accept crypto payments and save on processing fees through cash-final settlements.

Institutional FX

FX volume drops 13pct at CLS Group in April 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in April.

<