#Wintermute
3 articles tagged #Wintermute — curated RWA tokenization coverage.
Wintermute to pour $1B into AI, high
Crypto market maker Wintermute plans to invest $1 billion over the next five years into AI data center infrastructure and high-frequency trading systems. CEO Evgeny Gaevoy stated the firm aims to shift its business model, targeting non-crypto market activity to represent over 50% of its total operations by the end of 2027, compared to the current 10%. This strategic pivot reflects a broader industry trend where crypto-native firms are aggressively expanding into traditional finance to diversify revenue streams. The expansion includes significant headcount growth, with plans to double the New York office staff and increase global personnel by 40%. This move aligns with the growing integration of tokenized traditional assets, such as stocks and ETFs, across major digital asset platforms. As firms like Crypto.com, Coinbase, and Binance integrate tokenized offerings, the infrastructure for on-chain traditional finance continues to mature. The development underscores the increasing convergence between institutional market-making capabilities and the tokenization of real-world financial instruments.
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.
Tokenized Gold Trading Tops $126B as Wintermute Enters Market
The tokenized gold market has reached a valuation of $1.26 billion, driven by investor demand for 24/7 liquidity and instant blockchain settlement compared to traditional bullion or ETF structures. Wintermute has entered this space, with CEO Evgeny Gaevoy projecting the market will grow to $15 billion by 2026, representing a 2.8x increase. The firm's OTC desk now facilitates trading for Pax Gold and Tether Gold against various fiat, stablecoin, and crypto assets to improve hedging and collateral mobility. This expansion occurs as gold prices trade near all-time highs, fueled by macroeconomic uncertainty and global de-dollarization trends. The broader RWA sector is experiencing rapid growth, with public-market tokenized assets tripling to $16.7 billion in 2025. Institutional interest remains high, supported by long-term forecasts from firms like ARK Invest and Standard Chartered regarding the future of tokenized assets. This shift underscores the transition of traditional capital markets toward blockchain-based infrastructure for enhanced efficiency.