WisdomTree Digital Trust Company Granted Charter for Custody of Digital Assets
Friday, 22 March 2024, 11:44
WisdomTree Secures New York State Charter
WisdomTree, a prominent financial services firm, has been granted a New York state charter to create WisdomTree Digital Trust Company. This development allows the company to provide custodial services for digital assets, including the issuance of stablecoins.
Key Highlights:
- Improved Security: The charter enables WisdomTree to offer fiduciary custody services, enhancing the security of digital assets stored with them.
- Diversification: This move signifies WisdomTree's strategic diversification into the digital asset space, further expanding its offerings.
- Regulatory Approval: Obtaining the state charter highlights the company's compliance with regulations and its commitment to providing trustworthy services.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.