WisdomTree, a firm with $150 billion in assets, says crypto is now a core business

Core Insights - WisdomTree's crypto business is now a core part of its strategy and is approaching profitability, with significant growth in assets under management (AUM) from $30 million to $750 million in the past year [1] - The firm has invested heavily in blockchain infrastructure and launched tokenized funds, with total tokenized AUM reaching $770 million, a 25-fold increase from 2024 [1][3] Company Strategy - WisdomTree is focused on scaling its digital asset efforts, driven by a long-term conviction that everything will eventually transition to blockchain [1] - The company has taken an early lead among traditional asset managers in digital assets, expanding distribution through WisdomTree Connect, which facilitates asset movement across various platforms [3] Strategic Moves - The acquisition of Securrency, a compliance-focused tokenization company, was a foundational step for WisdomTree in developing "compliance-aware tokens" and a programmable finance strategy [4] - WisdomTree views crypto as a new financial infrastructure, emphasizing the need for modernization in financial services that have relied on legacy systems for centuries [5]