Crypto▲ Bullish
Wintermute Registers as US Broker-Dealer, Eyes Tokenized Stocks
Wintermute USA registered with the SEC and FINRA. The firm can now trade equities, serve as an authorized participant for ETFs, and pursue tokenized stocks if regulation allows.
Continue with
Wintermute's U.S. arm has registered as a broker-dealer, giving the crypto market maker a regulated path into securities trading. Wintermute USA LLC is now registered with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the company said.
The registration allows the firm to trade equities and equity options for its own account. It can also act as an authorized participant for exchange-traded products, including funds linked to digital assets. The company may also self-clear transactions involving digital asset securities for its proprietary book.
Wintermute is eligible to seek designated market-maker roles on exchanges, according to the company's statement. Market makers quote prices continuously, letting investors transact without waiting for a matching order.
“Our long-term conviction has always been that digital asset markets will evolve in more than one direction,” Wintermute founder and CEO Evgeny Gaevoy said. He added that digital assets and traditional finance will “ultimately integrate more deeply.”