Global custodian BNY Mellon has been appointed by ETF provider WisdomTree as the asset servicer for its US-listed products.
The mandate will see BNY Mellon provide ETF servicing, custody, accounting, fund administration and securities lending for WisdomTree’s US-based ETF range which is worth $80.7 billion in AuM.
The arrangement will also include WisdomTree’s Bitcoin ETF and range of tokenised funds.
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It is an expansion of an existing relationship between the two firms – BNY serves as a sub-advisor and distributor of WisdomTree’s ETFs.
“We’re thrilled to deepen our relationship with WisdomTree to now provide them with a front-to-back solution from sub-advisory through to fund administration and investor servicing, digital assets support and distribution,” said Emily Portney, global head of asset servicing at BNY.
