NewsHK
The push to move financial assets onto blockchain rails is creating demand for a new category of regulated intermediary in the United States.
Against that backdrop, Wintermute, the crypto market maker, has registered a US broker-dealer, with the firm stating the move positions it for growth in the domestic tokenized securities market.
A market maker steps into regulated territory Broker-dealer status is the regulatory entry point for firms seeking to operate as licensed counterparties in US securities markets.
Wintermute said the registration is how it intends to compete as tokenized securities expand in the United States.
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