WisdomTree, the global asset manager behind the BTCW spot bitcoin exchange-traded fund, has been granted a charter from the New York State Department of Financial Services to offer crypto-related services in the state.
It authorizes the company to perform fiduciary custody of digital assets, including digital wallet services, issue and exchange approved stablecoins, and manage stablecoin reserves under the newly formed WisdomTree Digital Trust Company, LLC. More specifically, the firm plans to issue the WisdomTree Gold Token and the WisdomTree Dollar Token in WisdomTree Prime and maintain reserves for those assets under an NYDFS-approved framework.
WisdomTree joins just nine other firms with trust charters for crypto services, including Coinbase, Gemini and Fidelity Digital Assets, according to the NYDFS website. WidsomTree also plans to use the trust company to offer products and services for institutions and business customers in the future.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: washingtonian - 🏆 74. / 68 Read more »