WisdomTree CEO says crypto is now a core business, nearing profitability
WisdomTree's CEO stated that its crypto business is now core to strategy and close to profitability, with digital assets reaching $750 million.Summary
WisdomTree CEO Jonathan Steinberg announced that the firm's digital asset business has transitioned from an experiment to a core part of its strategy and is nearing profitability. Steinberg noted that assets under management (AUM) in their digital offerings grew from about $30 million to approximately $750 million last year, with total tokenized AUM reaching $770 million recently, a 25x increase from 2024. WisdomTree, which manages $150 billion in assets, is heavily investing in blockchain infrastructure, launching tokenized funds, and expanding to chains like Solana, driven by the long-term conviction that financial infrastructure will eventually move on-chain. Steinberg views this effort as a modernization of financial services, not just an asset management product opportunity.
(Source：CoinDesk)