Fiduciary entrepreneur Ric Edelman is diving into the crypto-asset trend.

San Francisco-based crypto-asset manager Bitwise announced on Wednesday that Edelman, founder of the $22 billion RIA Edelman Financial Services, has invested in the company and will serve as an advisor to the firm.

"There is a technological and financial revolution taking place right now with cryptocurrency that has far-reaching implications,” said Edelman in released comments. “Every financial advisor needs to educate themselves about this space, and most should be considering an allocation for clients. I look forward to working with Bitwise to help make that a reality."

Earlier this year speaking at the TD Ameritrade Institutional's annual conference, Edelman chastised Vanguard CEO Tim Buckley for claiming the fund giant would never offer a Bitcoin product, arguing that "he'll be eating those words."

“We see these statements coming out of Wall Street from these 50-year-olds plus, and I’m one of them. Executives on Wall Street are in total denial about cryptocurrencies specifically, and blockchain generally,” Edelman said at the time.

Edelman is an investor in Singularity University, which is a leading advocate on exponential change. It expects crypto assets to move from the fringes of the financial world to the mainstream over the next few years. Significantly, Edelman today is calling Bitcoin and other crypto instruments "assets." Back in February, he referred to them as "currencies."

Bitwise produces research and support material for advisors interested in the crypto space. In November 2017, the firm launched the first cryptocurrency index fund, the Bitwise 10 Private Index Fund.

Earlier this year, Bitwise partnered with Morgan Creek Capital CEO Mark Yusko to launch another private cryptocurrency fund, the Digital Asset Index Fund.