WisdomTree, an investment management company, is planning to launch a crypto wallet called WisdomTree Prime Wallet that will focus on ETFs. This crypto wallet will enable investors to trade tokenized real-world assets such as gold and real estate. It is intended to provide investors with a low-cost and diversified way to invest in illiquid assets. The wallet will facilitate P2P trading of tokenized assets, allowing investors to access and trade assets that were previously inaccessible.
Jonathan Steinberg, the CEO of WisdomTree, believes that the development of crypto sheds light on what the future of ETFs and ETPs can be. He suggests that the aim is to transform ETFs in the same way that ETFs changed how mutual funds were operated in the past. The WisdomTree Prime Wallet is expected to provide investors with a unique and innovative way to invest in ETFs.
