- WisdomTree has secured a license to open its crypto app to New York residents.
- It is a Limited Purpose Trust Charter by the New York State Department of Financial Services.
- Coinbase (NASDAQ:COIN) and Fidelity are among the nine firms that previously secured the license.
WisdomTree, a prominent firm with over $100 billion under management, has secured regulatory permission to launch its crypto app WisdomTree Prime to residents of New York, United States. Eleanor Terrett, a correspondent at Fox Business News, broke the news to the crypto community a few hours ago on X.
BREAKING: @WisdomTreeFunds has been granted a trust company charter by @NYDFS, giving it the ability to launch its #crypto app @WisdomTreePrime in New York. https://t.co/hlIoQ9vNjs pic.twitter.com/kcRwmjdt9l— Eleanor Terrett (@EleanorTerrett) March 22, 2024
Per the disclosure, WisdomTree has been granted a Trust Company Charter by the New York State Department of Financial Services (NYDFS). This Charter empowers the firm to conduct fiduciary custody of digital assets, provide wallet services, issue and exchange NYDFS-approved stablecoins, and manage stablecoin reserves. As a result, WisdomTree now poss…
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