# Wave Financial Inc.

Wave Financial Inc. is a Fintech / Small business software based in Toronto, Canada.

## Overview

- **Organization type:** Fintech / Small business software
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** Toronto, Ontario, Canada
- **Founded:** 2018
- **Assets under management:** $100M - $500M (Altss estimate)
- **Website:** wavefinancial.com
- **LinkedIn:** https://www.linkedin.com/company/wave-financial

## Regulatory record

- **Reports private funds:** No

## About

Wave Financial was founded in 2018 by David Siemer, a former executive at ConsenSys and a seed investor in the Ethereum ecosystem. The firm set up its headquarters in Toronto with the thesis that regulated, SEC-compliant crypto products would attract institutional capital that the largely unregulated crypto-native world could not. The firm operates across three verticals: asset management, advisory, and proprietary trading. Wave launched its first SEC-registered fund, the Wave BTC Income & Growth Fund, in 2020 (per the firm, 2020). It also issues yield-bearing structured products tied to digital asset holdings and provides private credit secured by crypto collateral. Known counterparties include Galaxy Digital and Coinbase. Wave manages a single-digit number of professionals, with a lean team that includes President Benjamin Tsai, a former Goldman Sachs executive. The firm does not disclose AUM publicly, and its advisory arm has worked with blockchain protocols and digital asset issuers. In April 2024, the firm announced the closure of its Wave Digital Income Fund, which targeted high-yield returns from DeFi and lending strategies. Wave differentiates itself by operating as a regulated asset manager in the digital asset space, filing funds with the SEC rather than relying on offshore structures. This posture positions it closer to firms like Bitwise or Grayscale than to decentralized protocols, appealing to family offices and endowments that require fiduciary oversight.

## Sectors

- Digital Assets
- Blockchain
- Private Credit

## People

- David Siemer — CEO
- Benjamin Tsai — President & Managing Partner

## Questions

### How does Wave Financial source proprietary deal flow?

Wave sources deals through its advisory arm, which works with blockchain protocols and digital asset issuers, as well as its network of institutional relationships in crypto infrastructure. The firm also originates private credit opportunities directly from crypto borrowers (per the firm's official communications).

### What investment stages does Wave Financial typically target?

Wave focuses on liquid digital assets and private credit opportunities tied to crypto collateral. It targets yield-bearing and income-generating strategies, rather than early-stage venture or growth equity. The firm's funds invest in bitcoin, ether, and DeFi yield instruments.

## Related profiles

- [Four Arrows](https://altss.com/profile/four-arrows)
- [Affordable Care](https://altss.com/profile/affordable-care)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/wave-financial-inc

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