#BrokerDealer
2 articles tagged #BrokerDealer — curated RWA tokenization coverage.
Wintermute Secures U.S. Broker License, Paving Way for Crypto ETFs and Tokenized Stocks
Wintermute has secured a U.S. broker-dealer license, enabling the firm to expand its operations into trading commodities, crypto ETFs, and tokenized stocks. This regulatory milestone grants Wintermute USA designated market maker (DMM) status on major exchanges, including the New York Stock Exchange and Nasdaq. By assuming the role of a DMM, the firm will be responsible for maintaining fair and orderly markets for assigned securities, a function historically reserved for traditional Wall Street institutions. This development represents a significant bridge between crypto-native entities and the regulated financial ecosystem. The firm's entry into this space is expected to provide essential liquidity and market-making expertise for emerging asset classes like tokenized equities. As Wintermute navigates SEC and FINRA compliance, its success could establish a precedent for other digital asset firms seeking to integrate into traditional finance. Ultimately, this move signals the increasing institutionalization of crypto markets and the potential for improved price discovery in tokenized assets.
ICE Joins OKX in 50-50 Broker-Dealer Deal Targeting US Tokenized Equity Markets
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, and crypto platform OKX have formed a 50-50 joint venture to develop infrastructure for U.S.-regulated tokenized equities and futures markets. This new entity will operate as a U.S.-registered broker-dealer and futures commission merchant, pending regulatory approval. By combining OKX’s 120 million global users with ICE’s established market benchmarks and clearing infrastructure, the partnership aims to bridge the gap between traditional finance and blockchain-enabled trading. Former New York Governor Andrew Cuomo will serve as co-chair of the venture, emphasizing the goal of creating a more transparent and resilient financial system. This collaboration represents a significant institutional move, as it focuses on building regulated, blockchain-native rails rather than merely listing existing crypto assets. The deal deepens a strategic relationship that began with ICE’s investment in OKX in March 2023. Ultimately, this infrastructure-level integration signals a major shift toward the institutionalization of tokenized financial products for both retail and professional traders.