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Bitcoin ETF Issuer WisdomTree Bags NYDFS License to Launch Crypto App

WisdomTree, a New York-based asset manager, has received a trust corporation charter from the New York State Department of Financial Services (NYDFS), permitting it to launch its crypto application, WisdomTreePrime.

Scope of WisdomTree Bags Crypto Trust Company Charter from NYDFS

As highlighted in a post on X, Eleanor Terret, a popular Journalist at FoxBusiness said the WisdomTree’s trust company charter authorizes it to provide fiduciary custody of digital assets, including digital wallet services.

🚨BREAKING: @WisdomTreeFunds has been granted a trust company charter by @NYDFS, giving it the ability to launch its #crypto app @WisdomTreePrime in New York. https://t.co/hlIoQ9vNjs License.

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