WisdomTree appoints BNY 09 October 2024US Reporter: Clelia Frondaroli
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BNY has been appointed by WisdomTree to provide custody, accounting, ETF, and fund administration services across its US listed ETF assets.
In addition to this, BNY has also been awarded fund accounting and administration of WisdomTree’s Bitcoin ETF and tokenised funds.
This selection marks WindomTree’s aim to expand growth initiatives across its digital assets and financial models. BNY’s experience within the financial ecosystem, as well as its numerous clients, will further provide the company with greater operational efficiencies and scalability, according to BNY.
Emily Portney, global head of Asset Servicing at BNY, states: “This is a great example of how BNY is bringing together solutions from across our enterprise to create an operating and distribution support model that will help accelerate WisdomTree’s ongoing growth and innovation story.”
“We’re thrilled to deepen our relationship with WisdomTree to now provide them with a front-to-back solution from sub-advisory through to fund administration and investor servicing, digital assets support and distribution.”
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