Wisdomtree Taps BNY Mellon to Power Onchain Banking With Tokenized Assets

CN
11 hours ago

The fusion of traditional banking and blockchain technology continues to accelerate as major financial institutions expand access to tokenized real-world assets. Wisdomtree Inc. (NYSE: WT) announced on Oct. 28 that it has selected The Bank of New York Mellon Corporation (NYSE: BK) as its core banking-as-a-service (BaaS) infrastructure provider for its digital asset platform, Wisdomtree Prime. The collaboration establishes Wisdomtree as BNY’s first retail digital assets BaaS client and underscores the growing institutional integration of blockchain-based products within regulated financial systems.

“This latest expansion of the Wisdomtree Prime platform introduces new capabilities that allow crypto native users to remain onchain and seamlessly access Wisdomtree’s diversified range of tokenized RWA, including digital funds and onchain gold,” the announcement states, adding:

Through the collaboration with BNY, users have access to BNY’s leading banking functionality, in addition to blockchain rails, enabling on and offramp capabilities between the traditional banking system and the app as they become available.

Jennifer Barker, global head of treasury services and depositary receipts at BNY, stated: “As digital assets continue to converge with traditional finance, BNY is committed to serving as the bridge that supports this transformation. Our work with Wisdomtree underscores how BNY’s infrastructure and demonstrated track record of reliability and scale can help power the next generation of financial services.”

The expanded partnership enhances Wisdomtree’s ability to offer tokenized funds, stablecoin conversions, and blockchain-based transfers between USDC, PYUSD, and other digital instruments. It builds on a longstanding relationship between the two firms, with BNY already serving as custodian and sub-adviser for select Wisdomtree funds and as reserve custodian for its USDW stablecoin. This collaboration signals growing confidence among regulated institutions in the viability of tokenized assets and stablecoins as essential tools for modern financial infrastructure.

  • What is the significance of the Wisdomtree and BNY Mellon partnership?
    The partnership marks a pivotal moment in merging blockchain innovation with traditional banking infrastructure, expanding access to tokenized assets for retail users.
  • How does this collaboration impact the tokenized asset market?
    It boosts institutional confidence and scalability, paving the way for mainstream adoption of tokenized funds and blockchain-based transactions.
  • What new features are being introduced on Wisdomtree Prime?
    The platform now enables seamless onchain access to tokenized real-world assets, stablecoin conversions, and cross-asset blockchain transfers.
  • Why is BNY Mellon’s involvement important for digital finance?
    As a global banking leader, BNY provides trusted infrastructure that bridges traditional finance with blockchain innovation, ensuring reliability and compliance.

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