WisdomTree receives NY State trust charter for digital asset custody and DFS-approved stablecoin offerings.

WisdomTree, a NYSE-listed financial firm, has obtained a limited-purpose trust charter from NY State's Department of Financial Services, allowing it to offer digital asset custody services, issue and exchange DFS-approved stablecoins, and manage stablecoin reserves. The company will operate under the newly-formed entity, WisdomTree Digital Trust Company, LLC, and launch its WisdomTree Prime ecosystem, which will initially offer the WisdomTree Gold Token and WisdomTree Dollar Token to retail customers in New York.

March 22, 2024
8 Articles