Lets get into it good people, this story has huge implications in the future of digital assets.
WisdomTree Investments, Inc. is a New York-based exchange-traded fund and exchange-traded product sponsor and asset manager. WisdomTree launched its first ETFs in June 2006, and is currently the industry's seventh largest ETF provider in the United States.
WisdomTree inititating the process of releasing a regulated cryptocurrency in the US. Other industry giants the likes of BlackRock and Fidelity Investments are already making their foray in the digital currency space.
For example, BlackRock CEO Larry Link Stated,“We are a big student of blockchain.” However, Fink does not think there is a “huge demand for cryptocurrencies.
The company plans to unveil its own stablecoin — a digital currency pegged to a basket of assets, such as gold, fiat currencies or government debt.
WisdomTree wants the U.S. Securities and Exchange Commission, to approve and regulate the product but declined to comment on whether talks have begun.
In conclusion major asset managers with trillions of dollars of AUM showing interest in this burgeoning asset class are all good signs for the retail investor. Get in early, stay in, and ease your way out of a mature market....the big boys are coming.
Kasezga Tembo, CIO, Zog Capital