WisdomTree Elevates Crypto to Core Business, Says Profitability Is Near
A year of 25-fold growth to roughly $770 million in tokenized assets underpins the push.
Overview
- CEO Jonathan Steinberg told the Ondo Summit that the digital-asset unit is no longer experimental and is in sight of turning profitable.
- WisdomTree reported tokenized assets under management of about $770 million, up from roughly $30 million a year earlier.
- The $150 billion manager has launched tokenized funds and expanded to new networks such as Solana to broaden its multichain reach.
- Distribution has widened through WisdomTree Connect, which enables assets to move between self-custodied wallets and institutional platforms.
- Infrastructure moves include acquiring Securrency and later selling it to DTCC to support compliance-aware, programmable tokens as part of a modernization strategy.