Wintermute's U.S. unit, Wintermute USA LLC, has registered as a broker-dealer. Cointelegraph reported on Aug. 7 that the registration will allow Wintermute to expand its business into traditional financial services in the United States.
Wintermute said Wintermute USA LLC registered with the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA). That allows Wintermute USA to trade stocks and stock options.
Wintermute said the registration was intended to respond to a newly forming market for tokenised securities.
Evgeny Gaevoy (에브게니 가에보이), Wintermute's founder and chief executive, said the digital asset market will not evolve in only one direction. He said digital assets and traditional finance will develop in parallel, intersecting in new ways and ultimately integrating more deeply. He said companies with the technical and operational capabilities to operate in both markets will be competitive in that environment.
Chi-gyu Hwang
delight@d-today.co.kr