WisdomTree, Inc. (NYSE: WT) has appointed The Bank of New York Mellon Corporation (NYSE: BK) as its core banking-as-a-service (BaaS) infrastructure provider for WisdomTree Prime®, a retail platform for tokenized assets and cryptocurrency, marking BNY’s first retail digital assets BaaS client.
The collaboration enables U.
S. retail investors to access tokenized funds through the WisdomTree Prime app, supported by stablecoin on and offramps via WisdomTree’s stablecoin conversion service. This development facilitates an expansion in services for users seeking access to tokenized real-world assets (RWA). Users can invest in tokenized RWA and will gain the ability to support onchain transfers across tokenized funds and select stablecoins, including USDC and PYUSD, as these capabilities are introduced.
This expansion introduces new functionalities allowing crypto-native users to remain onchain and access WisdomTree’s diversified range of tokenized RWA, such as digital funds and onchain gold. Through this partnership, users will have access to BNY’s banking functionality in conjunction with 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.”
WisdomTree and BNY have an established relationship, with BNY currently serving as administrator, custodian, and sub-adviser on select WisdomTree funds. BNY also functions as the reserve custodian and banking partner for WisdomTree’s USDW stablecoin, which is in the process of rebranding from WUSD. BNY continues to offer its expertise in investment management and custody for WisdomTree’s tokenized RWA products.
The collaboration also extends to institutional users on WisdomTree Connect™, allowing them to leverage existing payment rails for their investing, reserve management, and treasury operations.
Will Peck, Head of Digital Assets at WisdomTree, commented, “Stablecoins and tokenized assets are unlocking new user experiences across a range of use cases in financial services. BNY is a leader for banks working with stablecoin issuers and brings unmatched trust and reliability as we grow our platform. We are proud of our long-standing history with BNY and excited about this next chapter, facilitating the growth of onchain financial services.”
WisdomTree, a global financial innovator, offers exchange-traded products (ETPs), models, solutions, and digital asset-related products, with approximately $139.2 billion in assets under management globally, inclusive of assets from its recent acquisition of Ceres Partners, LLC.
The WisdomTree Prime digital wallet and digital asset services, along with the WisdomTree Connect institutional platform, are provided by WisdomTree Digital Movement, Inc., a federally registered money services business (MSB) and state-licensed money transmitter (NMLS ID: 2372500), or WisdomTree Digital Trust Company, LLC, in select U.
S. jurisdictions, potentially limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business.
BNY, a global financial services company headquartered in New York City, assists clients in managing, moving, and securing money. With over 240 years of operation, BNY serves over 90% of Fortune 100 companies and nearly all top 100 banks globally. As of September 30, 2025, BNY oversees $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.
*Products and services available via WisdomTree Prime are NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY. All investments involve risks, including possible loss of principal. The products and services available through the WisdomTree Prime app and WisdomTree Connect are not endorsed, indemnified, or guaranteed by any regulatory agency.*
