WisdomTree Prime® Now Available to Users in New York
May 09 2024 - 7:00AM
Business Wire
WisdomTree, Inc. (NYSE: WT), a global financial innovator, today
announced that WisdomTree Prime® is now available to users in New
York. The app, now available across 41 states, offers one
integrated ecosystem to save, spend, and invest – bringing the
consumer’s financial life on-chain.
This announcement follows the recent news that WisdomTree has
been granted a charter from the New York State Department of
Financial Services (DFS) to operate as a limited purpose trust
company under the New York Banking Law. The trust company charter
authorizes WisdomTree to perform custody of digital assets,
including digital wallet services, to issue and exchange
DFS-approved stablecoins and manage stablecoin reserves under the
newly formed entity, WisdomTree Digital Trust Company, LLC.
With its trust charter and related additional powers, WisdomTree
Digital Trust Company can offer enhanced protections to its
customers, including with respect to its safekeeping of assets.
WisdomTree joins only a few other digital asset trust companies
with this charter, demonstrating its position at the helm of the
industry’s shift toward blockchain-enabled financial services.
The rollout of the WisdomTree Prime app in New York is also on
the heels of the launch of the WisdomTree Prime® Visa Debit Card,
issued by Stride Bank, NA, which allows users to spend using their
available wallet balance wherever Visa® is accepted, connecting
personal finance to digital asset investments.
“Since we first entered app stores in select states last summer,
we have exhibited strong momentum across all fronts, including new
digital fund launches, payment capabilities, and collaboration with
regulators like the New York State Department of Financial
Services, all with the goal of helping consumers better use digital
assets in their everyday financial lives,” said Will Peck, Head of
Digital Assets at WisdomTree. “We are thrilled that retail
investors now have access to the app in New York – a rapidly
growing digital asset market, one which we expect to be significant
for WisdomTree Prime.”
Other states where WisdomTree Prime has recently become
operational include: Connecticut, Delaware, Idaho, Louisiana,
Maine, Nevada, and Ohio.
WisdomTree Prime is available in the Apple App Store and Google
Play. Please visit https://www.wisdomtreeprime.com/ for the latest
information on availability.
About WisdomTree
WisdomTree is a global financial innovator, offering a
well-diversified suite of exchange-traded products (ETPs), models,
solutions and products leveraging blockchain technology. We empower
investors and consumers to shape their future and support financial
professionals to better serve their clients and grow their
businesses. WisdomTree is leveraging the latest financial
infrastructure to create products that provide access, transparency
and an enhanced user experience. Building on our heritage of
innovation, we are also developing and have launched
next-generation digital products, services and structures,
including digital or blockchain-enabled mutual funds and tokenized
assets, as well as our blockchain-native digital wallet, WisdomTree
Prime®.*
*The WisdomTree Prime digital wallet and digital asset services
are made available through WisdomTree Digital Movement, Inc., a
federally registered money services business, state-licensed money
transmitter and financial technology company (NMLS ID: 2372500) or
WisdomTree Digital Trust Company, LLC, in select U.S. jurisdictions
and may be limited where prohibited by law. WisdomTree Digital
Trust Company, LLC is chartered as a limited purpose trust company
by the New York State Department of Financial Services to engage in
virtual currency business. Visit https://www.wisdomtreeprime.com or
the WisdomTree Prime mobile app for more information.
WisdomTree currently has approximately $107.9 billion in assets
under management globally.
For more information about WisdomTree and WisdomTree Prime,
visit: https://www.wisdomtree.com.
Please visit us on X, formerly known as Twitter, at
@WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its
subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY
LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT
AGENCY
The products and services available through the WisdomTree Prime
app are not endorsed, indemnified or guaranteed by any regulatory
agency.
Category: Business Update
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version on businesswire.com: https://www.businesswire.com/news/home/20240509347973/en/
Media Relations WisdomTree, Inc. Jessica Zaloom +1.917.267.3735
jzaloom@wisdomtree.com / wisdomtree@fullyvested.com
Investor Relations WisdomTree, Inc. Jeremy Campbell
+1.917.267.3859 Jeremy.campbell@wisdomtree.com
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