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Wyoming Deposit & Transfer Gets Charter to Provide Crypto Custodial Services
WDT said it is the third such charter to be granted.
Digital asset bank Wyoming Deposit & Transfer (WDT) has been awarded a bank charter by the Wyoming Division of Banking allowing the bank to provide commercial banking and custodial services for tokenized assets and digital currencies.
STORY CONTINUES BELOW
- The Wyoming Special Purpose Depository Institution (SPDI) charter provides a regulatory framework to support digital asset banking activities.
- WDT said it is the third charter of this type to be awarded.
- In September, cryptocurrency exchange Kraken became the first entity to secure a bank charter from the state. The second charter was issued to Avanti Bank in October.
- “We are pleased to have worked closely with the Wyoming Division of Banking to unite the goals of the Wyoming Legislature and regulators with the urgent need for fiduciary institution access to a qualified and regulated digital asset custodian and transfer agent,” said WDT CEO Julie Fellows.
- Gov. Mark Gordon disclosed he owns cryptocurrencies during an appearance at CoinDesk’s Consensus 2021 in May.
Read more: Wyoming Governor Mark Gordon Owns Crypto
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
