Fineqia AG Announces the Appointment of Wave Digital Assets as Investment Advisor
Fineqia International (CSE: FNQ) (OTC: FNQQF) has appointed Wave Digital Assets as an investment advisor for its Liechtenstein subsidiary, Fineqia AG. Wave Digital Assets, managing approximately $500 million in assets, will provide expertise for Fineqia's digital asset investment products.
Wave, an SEC-registered investment advisor based in Los Angeles, has been operating since 2019, running various funds including the Bitcoin Income & Growth Fund and the Wave ADA Yield Fund. The companies hold reciprocal minority equity interests of less than 5% in each other.
The agreement, signed on December 13, 2024, is based on a fee-share arrangement and represents a significant step toward Fineqia's planned ETN business. No compensation was paid for statements in the announcement.
Fineqia International (CSE: FNQ) (OTC: FNQQF) ha nominato Wave Digital Assets come consulente per gli investimenti per la sua filiale in Liechtenstein, Fineqia AG. Wave Digital Assets, che gestisce circa 500 milioni di dollari in attivi, fornirà competenze per i prodotti di investimento in asset digitali di Fineqia.
Wave, un consulente per gli investimenti registrato presso la SEC con sede a Los Angeles, opera dal 2019 e gestisce vari fondi tra cui il Bitcoin Income & Growth Fund e il Wave ADA Yield Fund. Le due aziende detengono reciprocamente interessi azionari di minoranza inferiori al 5% l'una nell'altra.
L'accordo, firmato il 13 dicembre 2024, si basa su un accordo di condivisione delle commissioni e rappresenta un passo significativo verso il business ETN pianificato da Fineqia. Nessun compenso è stato pagato per le dichiarazioni nell'annuncio.
Fineqia International (CSE: FNQ) (OTC: FNQQF) ha designado a Wave Digital Assets como asesor de inversiones para su filial en Liechtenstein, Fineqia AG. Wave Digital Assets, que gestiona aproximadamente 500 millones de dólares en activos, proporcionará experiencia para los productos de inversión en activos digitales de Fineqia.
Wave, un asesor de inversiones registrado en la SEC con sede en Los Ángeles, ha estado en funcionamiento desde 2019, gestionando varios fondos, incluido el Fondo de Ingresos y Crecimiento de Bitcoin y el Fondo de Rendimiento Wave ADA. Las empresas mantienen intereses recíprocos de capital de menos del 5% en cada una.
El acuerdo, firmado el 13 de diciembre de 2024, se basa en un esquema de reparto de honorarios y representa un paso significativo hacia el negocio de ETN planeado por Fineqia. No se pagó ninguna compensación por las declaraciones en el anuncio.
Fineqia International (CSE: FNQ) (OTC: FNQQF)가 리히텐슈타인 자회사인 Fineqia AG의 투자 자문사로 Wave Digital Assets를 임명했습니다. 약 5억 달러의 자산을 관리하는 Wave Digital Assets는 Fineqia의 디지털 자산 투자 상품에 대한 전문성을 제공할 예정입니다.
LA에 본사를 둔 SEC 등록 투자 자문사인 Wave는 2019년부터 운영되고 있으며, 비트코인 수익 및 성장 펀드 및 Wave ADA 수익 펀드 등 여러 펀드를 운영하고 있습니다. 두 회사는 서로의 지분을 5% 미만의 비율로 소유하고 있습니다.
2024년 12월 13일 서명된 이 계약은 수수료 분배에 기반한 것으로, Fineqia의 ETN 사업 계획을 향한 중요한 단계가 됩니다. 발표에 대한 발언에 대한 보상은 지급되지 않았습니다.
Fineqia International (CSE: FNQ) (OTC: FNQQF) a désigné Wave Digital Assets comme conseiller en investissements pour sa filiale au Liechtenstein, Fineqia AG. Wave Digital Assets, qui gère environ 500 millions de dollars d'actifs, fournira une expertise pour les produits d'investissement en actifs numériques de Fineqia.
Wave, un conseiller en investissements enregistré auprès de la SEC basé à Los Angeles, opère depuis 2019 et gère divers fonds, y compris le Fonds de Revenus et de Croissance Bitcoin et le Fonds de Rendement Wave ADA. Les entreprises détiennent des participations réciproques de minorité de moins de 5% l'une dans l'autre.
L'accord, signé le 13 décembre 2024, est basé sur un arrangement de partage des frais et représente une étape importante vers le projet d'activité ETN de Fineqia. Aucune compensation n'a été versée pour les déclarations faites dans l'annonce.
Fineqia International (CSE: FNQ) (OTC: FNQQF) hat Wave Digital Assets als Anlageberater für seine Liechtensteiner Tochtergesellschaft, Fineqia AG, ernannt. Wave Digital Assets, das etwa 500 Millionen Dollar an Vermögenswerten verwaltet, wird Fachkenntnisse für die digitalen Anlageprodukte von Fineqia bereitstellen.
Wave, ein bei der SEC registrierter Anlageberater mit Sitz in Los Angeles, ist seit 2019 tätig und verwaltet verschiedene Fonds, darunter den Bitcoin Income & Growth Fund und den Wave ADA Yield Fund. Die Unternehmen halten wechselseitige Minderheitsbeteiligungen von weniger als 5% aneinander.
Die am 13. Dezember 2024 unterzeichnete Vereinbarung basiert auf einer Gebührenteilung und stellt einen bedeutenden Schritt in Richtung der geplanten ETN-Geschäfte von Fineqia dar. Es wurde keine Vergütung für die Äußerungen in der Ankündigung gezahlt.
- Partnership with established investment advisor managing $500M in assets
- Access to Wave's expertise in digital asset management and fund operations
- Strategic alignment through reciprocal equity stakes
- Progress towards ETN business development
- None.
London, United Kingdom--(Newsfile Corp. - January 20, 2025) - Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA) (the "Company" or "Fineqia"), the digital asset and investment business, announces the appointment of Wave Digital Assets, LLC ("Wave") as an investment advisor for the Company's subsidiary in Liechtenstein, Fineqia AG.
Wave Digital Assets, currently managing approximately
"We believe Wave is simply the best in class and our partnership will help us build world class products," said Fineqia's CEO Bundeep Singh Rangar. "Wave's deep knowledge and experience in the digital asset market will be invaluable as we innovate and bring new products to market."
Los Angeles-based Wave is registered as an investment advisor with the U.S. Securities and Exchange Commission (SEC). Fineqia will tap into Wave's years of investment advice and experience managing assets on behalf of institutional and other accredited clients. It has, for example, run a Bitcoin Income & Growth Fund since 2019. Additionally, Wave also managed the Wave ADA Yield Fund, a fund generating yield from Decentralised Finance (DeFi) activities on the Cardano (ADA) blockchain, that began operations in March 2022.
"We're excited to collaborate with Fineqia in accomplishing its strategic goals," said Wave CEO David Siemer. "As a pioneering company in the digital asset industry, Fineqia has established a prominent position. We're confident that our resources and proficiency will complement Fineqia's team seamlessly for a successful partnership."
Wave and Fineqia each hold a reciprocal minority equity interest in each other, holding less than
The agreement with Wave is based on a fee share arrangement and was signed on December 13, 2024, by Fineqia, via its subsidiary Fineqia AG, and marks a significant milestone in the Company's journey toward its planned ETN business.
References to dollars ($) above are in USD.
About Fineqia International Inc.
Fineqia provides investors with institutional grade exposure to the emerging digital asset economy via a portfolio of companies, products and projects at the convergence of blockchain based Decentralized Finance (DeFi) and Traditional Finance (TradFi). Its European subsidiary is an issuer of Exchange Traded Notes (ETNs) in the European Union, and its UK unit is an adviser to Actively Management Certificates (AMCs) in Europe, including the Digital Asset Blockchain Infrastructure (DABI) one.
Publicly listed in Canada (CSE: FNQ) with quoted symbols on Nasdaq (OTC: FNQQF) and the Frankfurt Stock Exchange (Frankfurt: FNQA). Fineqia's portfolio of investments includes businesses tokenizing Real-World Assets (RWAs), Artificial Intelligence (AI), DeFi and blockchain protocols. More info about the company's products and portfolio are at www.fineqia.com, x.com/FineqiaPlatform, linkedin.com/company/fineqia/, medium.com/@Fineqia, and bsky.app/profile/fineqia.bsky.social.
About Fineqia AG
Fineqia AG is a wholly owned subsidiary of Fineqia International, set up to pursue business on the European continent. Fineqia AG, based in Liechtenstein, received approval of its base prospectus by the country's Financial Market Authority (FMA) to offer Exchange Traded Notes (ETNs) collateralized by digital assets. Its base prospectus complies with the European Union's (EU) passport directive and enables its ETNs to be distributed across the EU's single market.
About Wave Digital Assets LLC
Wave Digital Assets (Wave) is a Los Angeles-based, SEC-registered investment advisory firm that provides institutional and private wealth digital asset management solutions. Led by a team of highly experienced financial services professionals, Wave provides bespoke digital asset investment solutions with a focus on yield generation through private funds, as well as managed accounts for HNWIs and family offices seeking tailored digital asset exposure, bespoke treasury management services, early-stage venture capital funds, and strategic consultation to the digital asset ecosystem. Wave is registered with the U.S. Securities and Exchange Commission as an investment adviser, CRD# 305726.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Katarina Kupcikova, Marketing & Communications Manager
E. pr@fineqia.com
T. +44 7806 730 769
FORWARD-LOOKING STATEMENTS
Some statements in this release may contain forward-looking information (as defined under applicable Canadian Securities Laws) ("forward-looking statements"). All statements, other than of historical fact, that address activities, events or developments that Fineqia Intl. (the "Company") believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement except to the extent required by applicable securities laws.
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DISCLAIMER:
Crypto assets are unregulated investment products prone to sudden and substantial value fluctuations, presenting a high risk of total loss of the invested capital. As the underlying components of the Digital Asset Blockchain Infrastructure (DABI) Actively Managed Certificate (AMC) are unregulated, investors are unlikely to have access to regulatory protections or investor compensation schemes. If you are unsure whether these assets are suitable for your individual circumstances, it is highly recommended to obtain independent financial and legal advice.
The information presented herein is not intended as a financial promotion. This material has been produced for circulation to a limited number of professional investors and journalists.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237810
FAQ
What is the value of assets under management at Wave Digital Assets, FNQQF's new investment advisor?
When was the advisory agreement between FNQQF and Wave Digital Assets signed?
What is the equity stake arrangement between FNQQF and Wave Digital Assets?
Which funds has Wave Digital Assets managed historically?
How will Wave Digital Assets support FNQQF's business development?
