According to Foresight News, traditional financial giant WisdomTree has launched its digital currency application, WisdomTree Prime, in New York. The application allows users to store, spend, and invest digital assets on-chain. However, the company's largest shareholder, Graham Tuckwell, has expressed opposition to CEO Jonathan Steinberg's decision to venture into the DeFi sector and has called on investors to oppose his re-election. Tuckwell stated that the move into DeFi has 'greatly distracted attention and has been completely unsuccessful'.
Since 2019, WisdomTree has been a major player in the crypto field, but the funds attracted by its digital currency fund are relatively small, amounting to only about $70 million.
