Asset Manager WisdomTree Partners With NYDFS to Provide Crypto Service
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- Eleanor Terrett says WisdomTree and the NYDFS are planning to offer crypto-related products.
- According to sources, the NYDFS is close to approving a Limited Purpose Charter for WisdomTree.
- A Limited Purpose Trust Charter would allow WisdomTree to act as a depositor or safekeeper for securities in New York.
According to Fox Business journalist Eleanor Terrett, asset manager WisdomTree is working closely with the New York State Department of Financial Services (NYDFS) to offer crypto-related products to customers in New York. According to sources, the NYDFS is close to approving a Limited Purpose Charter for WisdomTree.
— Eleanor Terrett (@EleanorTerrett) February 5, 2024
SCOOP: Bitcoin Spot ETF issuer@WisdomTreeFunds is working closely with @NYDFS to offer #crypto-related products and services to customers in New York. Sources say NYDFS is "very close" to approving a Limited Purpose Trust Charter for WisdomTree which means it will be able to…
In a recent post on X (formerly Twitter), Terrett noted that the NYDFS approval would allow WisdomTree to conduct digital asset business in the New York state. The journalist highlighted that only nine other firms, …
The post Asset Manager WisdomTree Partners With NYDFS to Provide Crypto Service appeared first on Coin Edition.
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