According to WSJ, Wintermute's U.S. subsidiary has registered as a securities broker-dealer and will be regulated by FINRA and the SEC, allowing it to apply as a designated market maker for exchanges like the New York Stock Exchange and Nasdaq. The company plans to initially focus on crypto-related markets such as commodity and digital asset ETFs, and expand into tokenized stock businesses once U.S. regulations permit. Wintermute stated that its U.S. operations have already secured ETF issuer clients, aiming to compete with market makers like Jump Trading, Jane Street, and Citadel Securities within the next 3 to 5 years. https://(wublock123.com)/news/wintermute-us-subsidiary-registered-as-securities-broker-dealer-expand-traditional-finance-66046