WisdomTree Now Authorized to Provide Crypto Services

Global asset manager WisdomTree, which includes the BTCW spot bitcoin ETF among its offerings, has received approval from the New York State Department of Financial Services to conduct crypto asset services in the state. This allows the company to offer custody and wallet services, as well as issue and trade stablecoins and manage stablecoin reserves. To facilitate this, WisdomTree has already established a new entity, WisdomTree Digital Trust Company.