As FTX founder Sam Bankman-Fried sits in a Bahamian jail, crypto compliance platform Bitwave is planning a new product designed to help businesses with digital asset accounting, backed by $15 million from a new funding round announced last week.
O’Melveny & Myers advised Bitwave on the Series A round led by venture capital firms Hack VC and Blockchain Capital, according to a statement from the four-year-old startup based in San Francisco.
The new product, Bitwave Institutional, will be targeted at custodians, exchanges, financial institutions, wealth managers, and other organizations “exposed to the enormous risk, regulatory, and control complexities around ...
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