Key Points:
This approval paves the way for the launch of its cryptocurrency application, WisdomTree Prime, in New York. Under the newly established WisdomTree Digital Trust Company, the company is authorized by the NYDFS to offer innovative WisdomTree crypto services.
This includes issuing WisdomTree Gold Tokens and WisdomTree Dollar Tokens within the WisdomTree Prime ecosystem, along with maintaining reserves for these assets. Moreover, retail customers in New York will initially gain access to WisdomTree crypto services, with plans for expansion to institutional and enterprise clients in the future.
Jonathan Steinberg, founder and CEO of WisdomTree, expressed the importance of the charter in providing protection for customers in the digital asset market while offering cutting-edge products. Will Peck, Chief Digital Asset Officer at WisdomTree and CEO of WisdomTree Digital Trust Company, LLC, emphasized the company’s commitment to responsible growth and robust product offerings within the digital finance sector.
This development underscores WisdomTree‘s dedication to innovation, leveraging blockchain technology, and delivering customer-centric solutions. With approximately $106.2 billion in global assets under management, WisdomTree’s entry into the cryptocurrency market marks a significant expansion of its crypto services.
WisdomTree Prime, the newly authorized app, is now available for download on major platforms, including the Apple App Store and Google Play, offering a comprehensive ecosystem for saving, spending, and investing in digital assets.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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