WisdomTree, a leading global financial firm, has secured a charter from the New York State Department of Financial Services. This major step allows WisdomTree to operate as a trust company, significantly advancing its role in the digital assets field. With this charter, WisdomTree can now offer fiduciary custody of digital assets, including digital wallet services, issue and manage state-approved stablecoins, and oversee stablecoin reserves. This positions WisdomTree at the forefront of the industry’s move towards blockchain-enabled financial services.

Jonathan Steinberg, the company’s founder and CEO, highlighted the importance of this authorization, emphasizing its role in allowing the company to lead in the evolving digital asset industry without compromising customer protection. WisdomTree Digital Trust Company, under the charter, is set to launch WisdomTree Prime in New York, offering customers a unified platform for saving, spending, and investing digitally. This initiative not only marks WisdomTree’s entrance into New York’s digital asset market but also sets a high standard for compliance and customer protection in the digital finance arena.

Source