crypto: WisdomTree, a firm with $150 billion in assets, says crypto is now a core business

WisdomTree’s Jonathan Steinberg says the firm’s tokenization push is nearing profitability, with $750 million in digital assets and long-term plans to modernize financial infrastructure. What to know : WisdomTree CEO Jonathan Steinberg said the firm’s crypto business has shifted from an experiment to a core strategic focus and is close to becoming profitable. The asset manager has rapidly scaled its digital-asset offerings, growing from about $30 million to roughly $750 million in tokenized assets while expanding into new blockchains such as Solana. Steinberg framed crypto as the foundation of a modern financial infrastructure, citing moves such as tokenized funds, the WisdomTree Connect platform, and a strategic bet on compliance-focused tokenization technology as key to the firm’s long-term growth.(Coindesk)