WisdomTree Prime® Now Available to Users in New York
WisdomTree, Inc. (NYSE: WT) has launched WisdomTree Prime® in New York, offering an integrated financial ecosystem for saving, spending, and investing. The app has expanded to 41 states and received a charter from the New York State Department of Financial Services to operate as a purpose trust company. This enables WisdomTree to provide custody of digital assets, issue stablecoins, and manage stablecoin reserves through WisdomTree Digital Trust Company, The launch of WisdomTree Prime® Visa Debit Card further connects personal finance to digital asset investments, solidifying WisdomTree's position as a leader in blockchain-enabled financial services.
- WisdomTree Prime® is now available in New York, expanding its reach to 41 states.
- WisdomTree has been granted a charter from the New York State Department of Financial Services, allowing it to operate as a purpose trust company.
- The charter enables WisdomTree to provide custody of digital assets, issue stablecoins, and manage stablecoin reserves through WisdomTree Digital Trust Company,
- The launch of WisdomTree Prime® Visa Debit Card allows users to spend using their available wallet balance wherever Visa® is accepted, connecting personal finance to digital asset investments.
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This announcement follows the recent news that WisdomTree has been granted a charter from the
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
“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
Other states where WisdomTree Prime has recently become operational include:
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
WisdomTree currently has approximately
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
View source 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
Source: WisdomTree, Inc.