Making Markets
Episode 6 WisdomTree’s Digital Asset Strategy
Making Markets

Episode 6: WisdomTree’s Digital Asset Strategy

Making Markets

Episode 6

WisdomTree’s Digital Asset Strategy

Will Peck is the Head of Digital Assets at WisdomTree. We cover why the traditional finance firm is diving into digital assets, the impact of the Bitcoin ETF on the finance industry, and why he's excited about real-world asset tokenization.

(00:02:05) - First Question - How he became the head of Digital Assets at WisdomTree

(00:02:51) - Wisdom Trees first steps into the digital assets space

(00:04:50) - Why he thinks bitcoin is not a replacement for gold

(00:06:31) - His views on the US regulatory market and why launching in Europe is different  

(00:09:15) - FCC denial and what that means for GPTC 

(00:11:01) - The BlackRock twist that finally put things in motion  

(00:13:11) - The likelihood that similar businesses and assets will copy one another

(00:15:08) - BlackRock Tweet

(00:16:37) - Derby style launching and splitting the pot

(00:17:57) - Why he thinks ETFs make the most sense  

(00:20:13) - His macro take on where Bitcoin is

(00:21:29) - The reason why they chose the public market versus private 

(00:24:08) - How black listing is handled when a financial firm launches a token

(00:26:21) - What he thinks about the finality of settlement 

(00:27:53) - WisdomTree Prime’s focus on the wallet 

(00:30:17) - The advantages of using a digital wallet 

(00:31:24) - The big change for Wisdom Tree to build physical infrastructure 

(00:35:05) - He explains what Prime essentially is

(00:36:16) - Stable coins and what they are invested in

(00:37:40) - How Wisdom Tree bond funds work

(00:37:59) - Creating funds around regulatory ambiguity 

(00:39:06) - How bond funds pay interest to tokens

(00:40:22) - Logistics behind moving tokens from a Prime wallet to another account  

(00:42:06) - Keeping record of where tokens go

(00:43:38) - He talks about the token opportunities they are most excited about  

(00:46:24) - Steps to get a stable coin to pay interest 

(00:47:17) - What he's most excited for Wisdom Tree clients to experience

 

WisdomTree’s Digital Asset Strategy

Introduction

Eric
My guest today is Will Peck. Will is the Head of Digital Assets at WisdomTree where he oversees the firm's digital assets, crypto and blockchain initiatives. After speaking with WisdomTree's CIO, Jeremy Schwartz, a couple of weeks ago, it was great to explore their digital strategy with Will.

We discussed the firm's digital roots, the complexity around launching a Bitcoin ETF and their innovative app WisdomTree Prime, which allows clients to hold real-world assets like gold, U.S. dollars and treasuries alongside digital assets like Bitcoin and Ether on the blockchain. Please enjoy my conversation with Will Peck. Will, thanks for joining me today.

William
Great to be with you, Eric.

On Digital Assets

Eric
So when I think of WisdomTree, I think of brand recognition, TV advertisement, ETF firm. I don't necessarily think of crypto, but you guys have been very active. So I think a good place to start would be how does a traditional finance firm like WisdomTree end up with a Head Of Digital assets like yourself?

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