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Cryptocurrency News Articles
WisdomTree's Charter Sparks Digital Asset Trust Company Renaissance
Mar 22, 2024 at 08:07 pm
Does WisdomTree's Charter Signal a New Era for Digital Asset Trust Companies?
WisdomTree, a financial heavyweight, has secured a charter to operate as a limited purpose trust company in New York. This move grants them the power to safeguard digital assets, issue stablecoins, and provide digital wallet services. It's a bold step that positions WisdomTree among the few digital asset trust companies with such authority.
Why Did WisdomTree Seek This Charter?
According to WisdomTree's founder and CEO, Jonathan Steinberg, the charter allows them to create innovative products that prioritize customer protection in the digital asset space. Their initial focus will be on the WisdomTree Prime ecosystem, issuing and backing Gold and Dollar Tokens.
What Does the Charter Mean for WisdomTree Prime?
WisdomTree Prime, led by Will Peck, Head of Digital Assets at WisdomTree, aims to provide an integrated ecosystem for financial transactions. It will enhance asset safekeeping and offer a responsible growth strategy.
What's the Significance for WisdomTree?
This charter is a major milestone for WisdomTree, which manages a hefty $106.2 billion in global assets. It underscores their commitment to blockchain technology and customer-centric services in the digital financial landscape.
How Can I Access WisdomTree Prime?
WisdomTree Prime is now available for download on the Apple App Store and Google Play. For more information, visit WisdomTree's website.
Disclaimer: This article is based on a press release from WisdomTree, Inc. and has been generated with the assistance of AI and reviewed by an editor. For more information, please refer to Investing.com's Terms and Conditions.
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