WisdomTree is "very close" to being approved to conduct digital asset business in New York State

Fox reporter Eleanor Terrett posted on the X platform that ETF issuer WisdomTree is working closely with NYDFS (New York State Department of Financial Services) to provide crypto-related products and services to New York customers.

Sources said that NYDFS is "very close" to approving WisdomTree's Limited Purpose Trust Charter, which means it will be able to conduct digital asset business in New York State. Currently, only nine companies in the state have crypto-related limited purpose trust licenses, including Coinbase and Fidelity Digital Assets.

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