According to Fox Business journalist Eleanor Terrett, asset manager WisdomTree is working closely with the New York State Department of Financial Services (NYDFS) to offer crypto-related products to customers in New York. According to sources, the NYDFS is close to approving a Limited Purpose Charter for WisdomTree. In a recent post on X (formerly Twitter), Terrett noted that the NYDFS approval would allow WisdomTree to conduct digital asset business in the New York state. The journalist highlighted that only nine other firms, including Coinbase and Fidelity, have Limited Purpose Trust Charters for crypto. The Limited Purpose Trust Charter would reportedly allow WisdomTree to act as a depositor.
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