WisdomTree (WT) announced it has appointed BNY Mellon (BK) as its core banking-as-a-service infrastructure provider for WisdomTree Prime, the firm’s retail platform for tokenized assets and cryptocurrency. The collaboration between the two firms cements WisdomTree as BNY’s first retail digital assets BaaS client. WisdomTree Prime is the first app to provide access to tokenized funds to U.S. retail investors with stablecoin on and offramps via WisdomTree’s stablecoin conversion service.
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