Wave Financial Plan to Acquire Swiss Investment Firm Criptonite Asset Management

Wave Financial plan to acquire Swiss investment firm Criptonite Asset Management. Wave has taken a minority stake in the Criptonite, which is the first step of a planned full acquisition, according to the release. The terms of deal were not disclosed, but Wave expects the acquisition to be completed by the end of 2022. "This acquisition is Wave Financial’s first outside the US but will not be our last as we are actively looking for other partners to bring our diverse set of digital asset funds and solutions to accredited investors around the world," said Matteo Dante Perruccio, president international at Wave, in the release.