WisdomTree Launches Connect Platform

WisdomTree has announced the launch of its WisdomTree Connect platform, which aims to provide users with access to its tokenized real-world asset (RWA) funds from any wallet on any blockchain network. This represents a significant step in bringing self-custody to regulated crypto investments.

Regulated RWA Tokens

The RWA tokens offered by WisdomTree are regulated investment funds that provide exposure to a range of traditional assets like stocks, bonds, and commodities. Until now, accessing these tokens has been limited due to regulatory requirements for third-party custodians.

Expanding Self-Custody Access

With WisdomTree Connect, the company plans to eventually allow users to hold and manage the RWA tokens in their own self-hosted wallets, rather than relying on custodians. This could drive greater adoption of these regulated crypto investment products among the crypto-native user base.

Growing RWA Market Potential

The RWA market is already valued at over $12 billion in total value locked, and is expected to reach $30 trillion globally. WisdomTree's move to enable self-custody access could help accelerate the growth and mainstream adoption of this emerging crypto asset class.

Regulatory Considerations

The U.S. Securities and Exchange Commission (SEC) currently requires tokenized investment funds to be held by qualified third-party custodians. WisdomTree is working closely with regulators to expand the self-custody capabilities of its RWA tokens, which could set a precedent for the broader industry.

Source: https://cointelegraph.com/news/wisdom-tree-aims-bring-self-custody-regulated-rwas

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