Wintermute's US arm registers as a broker-dealer to expand into traditional finance
The crypto trading firm's registration with the SEC and FINRA enables it to trade stocks and stock options.
Quick Look
Wintermute's US affiliate, Wintermute USA LLC, has registered with the SEC and FINRA as a broker-dealer, enabling the crypto trading firm to expand into traditional financial services, including trading stocks and stock options.
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Why It Matters
Wintermute USA LLC registered with the SEC and FINRA to operate as a broker-dealer.
Wintermute’s US arm has registered as a broker-dealer, enabling the crypto trading firm to expand into traditional financial services in the US.
On Thursday, Wintermute announced its affiliate Wintermute USA LLC has registered with the US Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA). The registration allows Wintermute USA to trade stocks and stock options and act as an authorized participant for exchange-traded products “including those tied to digital assets.”
Wintermute said the registration allows the firm to position itself for the emerging tokenized securities landscape.
“Our long-term conviction has always been that digital asset markets will evolve in more than one direction,” said Evgeny Gaevoy, founder and CEO of Wintermute.
“Digital assets and traditional finance will continue to develop in parallel, intersect in new ways, and ultimately integrate more deeply. As the landscape evolves, the firms that succeed will be those that have technical and operational know-how to operate in both.”
A broker-dealer is a financial entity that assists in the trading of securities on behalf of customers, on its own account, or both. Authorized participants are the capital market’s facilitators of the ETF creation and redemption process.
Open Questions
- What specific tokenized securities products will Wintermute offer?
