Criptonite Asset Management SA is to act as distributor for the new Wave Financial Non Fungible Fund (NFF) in Switzerland.
Wave is an SEC regulated digital asset investment fund manager based in Los Angeles.
Following the launch of the NFT fund in December 2021, Wave Financial, which manages over USD1 billion across its digital asset fund, institutional and wealth management products, has seen unprecedented demand globally attracting investment over USD20 million from qualified investors already. Criptonite Asset Management SA will offer the NFT fund to qualified investors in Switzerland.
Wave Financial’s NFT fund has a unique open-ended structure. Through actively participating in the NFT community and multi-platform social media engagement, the fund managers strive to gain exclusive access to multiple NFT drops. The fund, registered with the British Virgin Islands Financial Services Commission, invests in NFT collectibles, platforms, and protocols, with a view to the future of the sub-asset class and the integration of NFT technology in areas such as the metaverse and decentralised finance. Currently, around 70 per cent of allocations are to the thriving digital art and collectibles space, where an analytical approach includes analysis based on the rarity of traits, with a focus on value drivers such as unique content and scarcity in properties.
Appointing a Swiss representative of the NFT fund “NFF” in Switzerland comes as Wave Financial continues to expand its presence and product offering internationally, having already partnered with Criptonite Asset Management to offer Wave’s flagship BTC Income & Growth strategy through an AMC tracker.
The NFT fund is available to qualified investors only. Potential investors are checked for suitability to ensure that the NFT fund meets their investment objectives, in accordance with relevant local rules and regulations.
