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16.09 - 18:32
US digital asset manager Wave Financial snaps up Swiss crypto firm for Europe push
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fnlondon.comWave Financial, a US-based investment manager overseeing $1.5bn, has acquired a stake in a Swiss crypto firm as part of an expansion into Europe's fast-growing digital assets market.
Los Angeles-based Wave, which provides crypto products to institutional and private wealth clients, has bought a minority stake in Criptonite Asset Management — the first step in a planned full-scale acquisition of the Geneva-headquartered firm later this year.
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