WisdomTree, a prominent asset manager, has been granted a charter by the New York State Department of Financial Services (NYDFS), enabling it to operate as a limited-purpose trust company in New York. This significant development allows WisdomTree to custody cryptocurrencies, issue stablecoins, and provide crypto wallet services. The charter is a testament to WisdomTree's commitment to innovation in the financial sector, positioning the company to launch WisdomTree Prime in New York in the coming weeks. The approval underlines the regulatory support for digital assets and financial technology innovation within the state.