Global financial company WisdomTree announced today that it secured the New York State Department of Financial Services (NYDFS) approval to operate as a New York limited-purpose trust company charter. This development allows WisdomTree to engage in digital asset activities, including custody of digital assets and stablecoin issuance.

We’re excited to announce @WisdomTreeFunds received a charter from NYS DFS to operate as a trust company.

This reinforces our commitment to innovation & empowers us to launch WisdomTree Prime in New York in the coming weeks.

Read more here: https://t.co/GTtiaEQiM2

— WisdomTree Prime™ (@WisdomTreePrime) March 22, 2024

According to a press release published on Friday, this prestigious charter enables WisdomTree to offer fiduciary custody of digital assets, issue DFS-approved stablecoins, and manage stablecoin reserves through its

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Author: Vivian Nguyen

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