WisdomTree Receives Regulatory Approval to Offer Blockchain-Enabled Services in New York

The asset manager can now custody digital assets and launch its finance app, WisdomTree Prime, in the state.

WisdomTree has been granted a charter by the New York State Department of Financial Services, allowing it to offer blockchain-enabled financial services in New York.
The charter enables WisdomTree to custody digital assets, issue and manage reserves of approved stablecoins, and launch its personal finance app, WisdomTree Prime, in New York.
WisdomTree Prime offers access to bitcoin, ether, dollar and gold tokens, and digital funds with share ownership records on the Stellar or Ethereum blockchains.
The company plans to extend its digital asset offerings beyond WisdomTree Prime, including products on public blockchains and services for institutions and business customers.
WisdomTree's regulatory clearance is part of its broader vision to integrate fixed income, equities, and commodities into the digital world through digital funds and tokenized exposures.