Cloudwall and Wavebridge sign a Memorandum of Understanding (MoU)

SINGAPORE, June 15, 2023 /PRNewswire/ -- Cloudwall, the leading provider of digital asset risk management tools, and Wavebridge, a top-tier institutional digital asset company with expertise in both traditional and crypto finance, have signed a memorandum of understanding (MoU) to collaborate on identifying new business opportunities in the digital asset risk management space and seek ways to collaborate each firm's products and solutions.

Wavebridge is considering ways to integrate Cloudwall's 'Serenity digital asset risk platform' into its forthcoming institutional-grade digital asset solution 'Dolfin'.

This partnership reaffirms the commitment to expand both Company's capabilities in further enhancing risk management tools for the digital assets industry.

Kyle Downey, CEO of Cloudwall said "We are delighted that Wavebridge has recognized the importance of digital asset risk management with this announcement. Cloudwall believes access to sophisticated risk models and tools is essential for asset managers in crypto, and we are devoted to building world-class models and tools for the industry, globally."

"Due to the high volatility of the crypto market, it has become ever more important for investors to assess investment risk by precisely understanding the correlation between market risk factors. We are inclined to further work on enhancing risk management technology practices for potential investors," said Jongwook Oh, CEO of Wavebridge.

About Cloudwall

Founded in 2021, Cloudwall (https://cloudwall.tech) is a digital asset risk specialist founded by a team of engineers, quants and capital markets specialists devoted to providing institutional investors insights into their portfolios to help guard against risks and capture opportunities. The company's platform, Serenity, offers an institutional-grade risk platform with a full suite of risk models tuned for digital assets.

About Wavebridge

Established in November 2018, Wavebridge(https://wavebridge.com/en) is a top-tier institutional digital asset company with expertise in both traditional and crypto finance. Wavebridge connects traditional finance with digital assets to provide an array of untapped investment opportunities. With a visionary mindset and a focus on trust, Wavebridge strives to design the next dimension of finance. By bridging the gap between digital and traditional finance, Wavebridge helps you enter the digital asset market in a safe and convenient way.

SOURCE Cloudwall