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.
- 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.
- “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
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.