WisdomTree Securities, a subsidiary of the NYSE-listed financial company, WisdomTree, has received Financial Industry Regulatory Authority (FINRA) authorization as a broker-dealer. The newly obtained membership enables the transaction execution in blockchain-enabled funds offered by WisdomTree Prime mobile app.
The newest announcement is another step in building the company's digital strategy, which is an evolution and extension of its core ETF business. The Securities and Exchange Commission (SEC) recently declared the WisdomTree Short-Term Treasury Digital Fund effective (the first blockchain-enabled fund prepared by WidsdomTree). What is more, the company broadened its strategic agreements with key payments, fintech firms and banking players.
(By Damian Chmiel)