CHEYENNE, Wyo .– (COMMERCIAL THREAD) – The Wyoming Deposit & Transfer Corporation (WDT) is pleased to announce that it has today unanimously received a new banking charter by the Wyoming Banking Division under the regulatory framework of a depository institution special purpose. WDT is the third charter of this type to be approved.
“The new banking charter will enable Wyoming Deposit & Transfer to provide transparent commercial banking services as well as custodial services for a wide range of tokenized assets and digital and fiat currencies, meeting the needs of fiat institutions as well as small and medium blockchain and digital asset companies. , who are the target audiences for Wyoming’s blockchain legislation, ”said Julie Fellows, CEO of WDT, a senior banking executive and regulatory veteran.
“Our framework is revolutionizing the way institutions and businesses securely process and store digital assets, ”said Fellows.
WDT and its key technology partners intend to provide regulated, secure, secure and transparent custody and transfer solutions that are necessary for fiduciary institutions to transact digital assets for their clients, said Justin Culver, Director of WDT technology.
“Our cutting-edge technology solutions integrate qualified custody of digital assets with commercial banking solutions to enable clients to securely deposit, exchange, transfer and hold a wide range of digital assets including securities, crypto -coins and others, on a single platform. that provides much-needed visibility and built-in reporting, ”Culver said.
Fellows said WDT executives are committed to understanding the needs of institutional clients and entrepreneurs and have worked with them from the start. Their contribution has helped WDT design product solutions to meet their needs and meet the stringent regulatory requirements of Wyoming law and support the development of the digital asset ecosystem.
“Wyoming’s SPDI Charter provides a strong regulatory framework to support the growth of digital asset banking, ”said Julian Sevillano, Managing Director and Group Head of Digital Assets at Promontory Financial Group, an IBM company.
WDT has also worked with state regulators to ensure compliance.
“We are delighted to have worked closely with the Wyoming Banking Division to unite the goals of the Wyoming legislature and regulators with the urgent need for fiduciary institutions access to a digital asset custodian and agent. qualified and regulated transfer, ”concluded Fellows.
About Wyoming drop-off and transfer:
Wyoming Deposit & Transfer (WDTFinancial.com) is a regulated, state-of-the-art financial services company that provides secure and transparent solutions through an integrated platform for qualified custody and commercial banking. WDT adheres to capital adequacy, regulatory and risk management requirements, ensuring safety and security.
WDT has a management team with expertise in banking, risk management and regulation; creation of technological and financial value; integration of cutting-edge technological solutions; and the gold standard in digital banking – the Charter of Special Purpose Depository Institutions.
Headquartered in Wyoming, the digital asset bank and its clients benefit from Wyoming law by providing clarity and certainty in dealing with digital assets. WDT provides the necessary infrastructure to enable fiduciaries to securely access, move and store a wide range of digital assets, including cryptocurrencies, tokens and securities, while accessing fiat currencies. and to payment systems around the world.