Leveraging Blockchain Technology for the ETF Industry as an Asset Manager

As an exchange-traded Bitcoin fund (ETF) continues to elude U.S. investors, one startup lifted $17 million that looks set aside to add blockchain technologies to ETFs.WisdomTree revealed investments in a company called Securrency Inc., one of the top financial and regulatory space institutional-grade blockchain builders.  WisdomTree is aiming to leverage blockchain technology for the ETF industry as an asset manager, ETF and exchange traded-product (ETP) supporter. WisdomTree aims to use blockchain technology to work with Securrency to increase the availability of ETF after the expected funding phase.

Securrency received funds from WisdomTree, Abu Dhabi Investment Office (ADIO), Monex Group, Inc., and several others, with a total investment of $1765 million, according to the report. ETFs are one way of gaining exposure to a financial asset or a financial asset basket for market investors. WisdomTree views blockchain as an opportunity to enhance the current ETF world and bring more customers in line with regulations to ETFs. Securrency adds blockchain skills to the mix, including zones for authentication and identification. Regulators are currently wading through other crypto-ETFs as a decision on Wilson Phoenix's Bitcoin ETF is scheduled for the Securities Exchange Commission by February 2020, Cointelegraph reported.