WisdomTree Securities Granted Membership Approval as Broker-Dealer from FINRA

WisdomTree Securities, the wholly-owned subsidiary of ETF sponsor and asset manager WisdomTree, Inc., has secured membership approval as a broker-dealer from Financial Industry Regulatory Authority (FINRA).

With this membership, WisdomTree Securities can facilitate transactions in blockchain-enabled funds offered in the WisdomTree Prime mobile application. WisdomTree Prime is new digital wallet that is built on blockchain.

​"FINRA membership approval is a key regulatory milestone, for us, leading up to the launch of WisdomTree Prime, enabling us to act as an intermediary for customers to transact in new blockchainenabled funds," said Jarrett Lilien, President and COO of WisdomTree.

"As a regulation-forward company in blockchain-enabled finance focused on trust and security, this announcement is just another brick in the foundation we're building to unlock access to the exciting opportunity within structured and transparent products of the future. As always, our priority is to provide investors with the best product structure – which is ETFs today, and we believe blockchain-enabled funds are the best product structure of tomorrow." 

In August, Fazzaco reported that WisdomTree has joined ETF/ETP partner section of Swiss online banking leader Swissquote​.