IOHK Invests Six-Figure Sum Into Crypto Asset Manager Wave Financial

IOHK founder and CEO Charles Hoskinson (Credit: CoinDesk archives)

Cardano developer house IOHK has made a six-figure investment into Wave Financial, its partner for a new $20 million Cardano fund.

  • An IOHK spokesperson confirmed the investment had just been made, but declined to comment on the equity arrangement and any plans to make further commits into Wave.
  • CoinDesk understands the sum isn’t big enough for IOHK, a Hong Kong-based company, to have significant sway over Wave’s corporate governance.
  • Charles Hoskinson, IOHK’s CEO, will become an advisor to Wave Financial as part of the deal.
  • IOHK invested $10 million into a joint “cFund” to support startups and early-stage businesses working on Cardano and other IOHK tech initiatives last week.
  • Wave Financial, a private company based in Los Angeles and London, said it would raise the other $10 million from external investors.

See also: Coinbase Custody to Support Secure Cardano Staking This Year

Related Stories

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Cryptocurrencies Videos


    CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space. Founded in May 2013, CoinDesk reaches millions interested in blockchain technology thru its website, social media, newsletters, podcasts and video. CoinDesk created the original reference rate known as the Bitcoin Price Index which is widely sourced in the media including The Wall Street Journal, Financial Times, CNBC and many others on a daily basis.

    Learn More