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Bloomberg Law: O’Melveny Helps Bitwave Crypto Compliance Platform on Fundraise

December 15, 2022

O’Melveny & Myers LLP advised Bitwave on its US$15 million Series A funding round, which will help the company design its new product, Bitwave Institutional. The new product will target custodians, exchanges, financial institutions, wealth managers, and other organizations “exposed to the enormous risk, regulatory, and control complexities around holding, managing, and investing users’ digital assets.” The funding round was led by venture capital firms Hack VC and Blockchain Capital, and included SignalFire, Valor Equity Partners, Arca, Pulsar Trading, and Alumni Ventures Blockchain Fund. The O’Melveny team advising Bitwave was led by Silicon Valley M&A partner Brian Covotta and associate Amit Itai.

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