WisdomTree Plans to Launch a Digital Wallet Next Year

Asset manager WisdomTree will begin the beta tests of a mobile crypto wallet in the summer, and in 2023 the application will be available to all US customers, Jason Guthrie, head of digital assets at the firm, has said.

The WisdomTree Prime application was announced in January. At the initial stage, users will have access to tokenized versions of assets. Among the latest, Guthrie has mentioned the US dollar, US government bonds, gold, Bitcoin and Ethereum. However, this list will be expanded in the future. 

He claims that WisdomTree seeks to provide customers with the full functionality of the banking system, while getting rid of obsolete technologies. Guthrie has emphasized blockchain-based systems are serious competitors for traditional finance.

“I don’t think there was a place in the financial services industry. People fill out online forms, but they are nominally identical to those filled out 20 years ago at bank branches. The user experience and business model are fundamentally the same. And I think it’s time to break this order.”

WisdomTree is trying to launch a spot Bitcoin ETF. In March, the US Securities and Exchange Commission put off to May 15 the deadline to mame a decision on the company’s application.