WisdomTree receives crypto custody launch approval from NYDFS

WisdomTree has received a license from the NYDFS, allowing it to offer cryptocurrency-related products and services. Under New York State banking laws, asset manager WisdomTree has received approval from the NYDFS to operate as a limited liability trust company.With the permission, a WisdomTree Digital Trust Company subsidiary can offer local clients services for storing cryptocurrencies, issuing stablecoins, and...