Wave Digital Assets
Crypto treasury management and digital asset management services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$100k | Seed | ||
| Total Funding | 000k | ||
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Based in Los Angeles, Wave Digital Assets operates as an SEC-registered investment advisory firm specializing in the digital asset ecosystem. The company was established in 2018, emerging from the Wave Genesis fund which was spun out of the venture capital firm Wavemaker Partners. Formerly known as Wave Financial, the firm rebranded in March 2023 to more accurately reflect its dedicated focus on digital asset management.
The firm was co-founded by David Siemer, Benjamin Tsai, and Les Borsai, who bring a blend of experience from venture capital, traditional finance, and technology. David Siemer, the CEO, has been an active investor in the cryptocurrency space since 2012 and previously founded Siemer & Associates, a technology-focused investment bank. President Benjamin Tsai has an extensive background in traditional finance, with over 15 years in senior roles at Merrill Lynch in Asia and as Head of Alternative Investments at AllianceBernstein. This combination of early crypto adoption and deep traditional finance expertise forms the foundation of the firm's strategy.
Wave Digital Assets provides a suite of services including venture capital, fund management, and private wealth management tailored for the digital asset class. The company serves a diverse client base that includes high-net-worth individuals, family offices, corporate treasuries, and blockchain protocols. Its business model revolves around offering bespoke investment solutions, from which it generates revenue through management and advisory fees. The firm acts as a bridge, connecting traditional financial principles with the emerging world of blockchain technology.
The company offers a variety of investment products designed to cater to different risk appetites and investment goals. These include venture capital funds that make early-stage investments in blockchain and crypto infrastructure companies. Additionally, Wave manages several funds like the Wave Select 5 Crypto Index Fund and the BTC Income & Growth Fund, which utilizes derivatives to manage volatility. A more distinct offering is the tokenization of real-world assets, exemplified by its fund that invests in tokenized barrels of Kentucky whiskey. For its clients, the firm provides treasury management, staking, lending, and digital asset custody solutions through separately managed accounts.
Keywords: digital asset management, crypto investment, venture capital, wealth management, SEC registered, blockchain investment, crypto funds, tokenization, David Siemer, Benjamin Tsai, asset management, cryptocurrency, DeFi, institutional crypto, private wealth, treasury management, crypto index fund, derivatives strategies, staking, NFT fund
