WisdomTree Obtains Limited Purpose Trust Charter Authorization
Renowned asset manager WisdomTree has obtained authorization from the New York State Department of Financial Services (NYDFS) to operate as a limited purpose trust company under the New York Banking Law. This authorization allows WisdomTree to expand its offerings in the cryptocurrency space, including custody services, approved stablecoin issuance, and stablecoin reserve management.
Lancement de WisdomTree Prime
With this authorization, WisdomTree plans to launch its mobile personal finance application, WisdomTree Prime, under enhanced regulatory oversight in New York.
Jonathan Steinberg, founder and CEO of WisdomTree, emphasizes the importance of this approval in establishing the company as a key player in the rapidly expanding digital asset space in New York. Steinberg values the high-level regulation provided by NYDFS, seeing it as a safeguard for consumers while embracing innovation.
L’application crypto de WisdomTree
WisdomTree can now offer custody services for digital assets, including portfolio management services, issue DFS-approved stablecoins, and manage stablecoin reserves under its new entity, WisdomTree Digital Trust Company.
WisdomTree will be able to offer a crypto app to hold its clients’ assets.
