Wintermute Registers US Arm as Broker-Dealer Amid Tokenized Securities Growth

Crypto market maker Wintermute has taken a significant step in expanding its services into traditional financial markets by registering its US arm, Wintermute USA LLC, as a broker-dealer.

The registration with the US Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) allows Wintermute to trade stocks and stock options, as well as act as an authorized participant for exchange-traded products, including those tied to digital assets.

This move positions Wintermute for the emerging tokenized securities landscape, according to its founder and CEO Evgeny Gaevoy. He stated that the firm's long-term conviction is that digital asset markets will evolve in more than one direction, with traditional finance and digital assets developing in parallel.