Veteran Crypto Trading Team from Mercury Capital to Lead Global Protocol Treasury Management
Wave Digital Assets Holdings LLC (Wave) today announced its global expansion with the launch of Wave Digital Assets International Ltd. (Wave International), an "Approved Manager" by the British Virgin Islands Financial Services Commission under the British Virgin Islands Investment Business (Approved Managers) Regulations, 2012. To drive its international growth, Wave International has brought on a veteran trading team from Mercury Capital, a DeFi-focused market-neutral hedge fund, marking a strategic move to enhance its protocol treasury asset management capabilities worldwide.
Wave International will provide asset management services for non-U.S. private funds and other investment vehicles. Among other benefits, Wave believes the expansion enables Wave to better service international clients and to deploy more dynamic crypto asset and wealth management strategies through leveraging international service providers not available to US-based managers.
This global approach reflects Wave’s strategic vision to provide best-in-class treasury management services to institutions and endowments along with wealth management solutions for investors seeking crypto exposure. Building on Wave’s track record of managing hundreds of millions in digital assets, Wave International will leverage Wave's institutional expertise to develop specialized solutions for international markets. Wave is currently engaged with several major crypto protocols regarding treasury management services.
"Digital asset markets are global, with institutional investors and protocols seeking sophisticated management solutions beyond U.S. borders," said David Siemer, CEO of Wave Digital Assets. "Wave International enables us to meet this growing demand while bringing our proven investment approach to new markets."
To lead its international investment operations, Wave International has appointed a seasoned team of crypto and traditional finance veterans from Mercury Capital. The group brings extensive experience in protocol treasury management, on-chain strategy development, and institutional trading across both digital assets and traditional markets.
Rajiv Sawhney: Head of International Portfolio Management
Rajiv was the co-founder and managing partner of Mercury Capital, where he managed strategy selection and portfolio deployment. His 15 years of traditional finance experience includes leadership roles in electronic trading at Morgan Stanley, Deutsche Bank, and Goldman Sachs.
Jason O'Neill: Head of International Trading
Jason is a veteran trader with 18 years of financial services experience, including specialized expertise in crypto derivatives trading and DeFi. Previously, Jason focused on Japanese government bonds and Nikkei equity index derivatives trading.
Justin Catuna: Trader
Justin specializes in delta-neutral trading strategies and multi-chain DeFi deployment. He brings three years of focused experience in DeFi trading, protocol governance, and on-chain strategy implementation.
"The convergence of traditional finance and DeFi creates unprecedented opportunities for institutional investors and protocols seeking sophisticated treasury management solutions," said Rajiv Sawhney, Head of International Portfolio Management at Wave International. "By combining Wave's institutional framework with our team's deep expertise in DeFi strategy and protocol engagement, we are uniquely positioned to deliver bespoke alpha solutions across multiple chains. We look forward to extending Wave's market-leading position in digital asset management and working closely with protocols to optimize their treasury operations."
The launch comes as institutional DeFi adoption continues to accelerate globally, with protocols and investors increasingly seeking professional treasury management solutions. Wave International's establishment positions the firm to meet the growing demand for institutional-grade digital asset management services across key international markets, as DeFi and digital assets become increasingly integral to the global financial ecosystem.
About Wave Digital Assets
Wave Digital Assets International Ltd. and Wave Digital Assets LLC are distinct investment advisory entities, are not a unitary enterprise and operate independently of one another. From time to time Wave Digital Assets LLC and Wave Digital Assets International Ltd. may draw on their relationships with each other, but only to the extent consistent with each entity’s status as a separate investment adviser.
Wave Digital Assets LLC 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, it provides bespoke digital asset investment solutions with a focus on yield generation through private funds, as well as managed accounts for corporates and HNWIs seeking tailored digital asset exposure, bespoke treasury management services, early-stage venture capital, and strategic consultation to the digital asset ecosystem. Wave Digital Assets LLC is registered with the US Securities & Exchange Commission as an investment adviser, CRD# 305726.
W: https://www.wavegp.com/
T: https://twitter.com/wavedigital_
L: https://www.linkedin.com/company/wave-digital-assets/
View source version on businesswire.com: https://www.businesswire.com/news/home/20241219004151/en/
Contacts
Media Relations:
Hayden Bardorf
wave@wachsman.com
