Wave Financial Gets Fidelity Digital Assets As Custodian

The Wave BTC Income & Growth Digital Fund claims to be the first crypto-derivatives-based yield fund on the market.

According to Ben Tsai, managing director partner at Wave Financial, the crypto market is missing solid traditional types of products and their firm aims to address this gap by capturing a part of the new market of yields products in the crypto space.

The Los Angeles-based firm reveals that it has onboarded Fidelity Digital Assets to provide secure and compliant custody solutions for the fund.

Tsai reveals that they have a number of investors that have expressed interest in the fund and his company has been working to get them to the actual private placement memorandum and subscription agreement.

Only time will tell if the new Wave fund will gain traction as it still awaits the first batch of investors that will invest in the said fund.

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