WisdomTree to launch crypto wallet in 2023

At the initial stage, users will have access to tokenized versions of assets

09.05.2022 - 12:10

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What’s new? WisdomTree, an investment company, will begin beta testing of its mobile digital wallet in the summer, and the app will be available to all US customers in 2023. Initially, all assets in the wallet will be tokenized. The company’s head of digital assets Jason Guthrie told The Block. A WisdomTree Prime wallet was announced in January 2022.

Material by The Block

What else did Guthrie reveal? The app will include tokenized versions of the US dollar, US government bonds, gold, bitcoin, and Ethereum. Guthrie noted that the list of investment options will be expanded in the future. He also stated that WisdomTree Prime’s goal is to provide users with all the functionality of the traditional banking system while discarding outdated technologies.

What is known about WisdomTree? It is an asset management company based in New York. WisdomTree was founded in 2006. The founder and CEO is Jonathan Steinberg. The company’s shares are listed on the Nasdaq Stock Exchange.

What events happened before? The US Securities and Exchange Commission (SEC) rejected the joint application by WisdomTree and the Chicago Board Options Exchange’s alternative platform BZX to register the spot bitcoin ETF. The SEC explained that the application filed did not meet the requirements of the Exchange Act.

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