Wintermute gains U.S. broker status, eyes tokenized stocks

Wintermute USA has registered as a broker dealer with the U.S. Securities and Exchange Commission and joined FINRA, giving the crypto market maker a regulated foothold in American securities markets. Summary Wintermute USA registered with the SEC and FINRA, formally entering regulated U.S. securities markets nationwide. The broker dealer can trade equities, equity options and provide proprietary liquidity across national exchanges. Wintermute can pursue authorized participant roles for ETPs, including products tied directly to digital assets. CEO Evgeny Gaevoy says Wintermute targets Wall Street market makers within three to five years. Tokenized equities remain a future expansion area, subject to additional regulatory permission and market approvals. Wintermute announced the registration on Aug. 6, saying the New York based affiliate will focus on proprietary trading and exchange traded product services. The move brings Wintermute closer to traditional market making roles that were previously unavailable to its U.S. operation. The Wall Street Journal reported that the firm is now eligible to seek designated market maker status on exchanges including the New York Stock Exchange and...