WisdomTree Fund Gets SEC Approval To Trade Tokenized Fund 24/7
WisdomTree has secured SEC approval to enable intraday trading for its tokenized money market fund, WTGXX, marking a significant shift in how regulated funds operate on blockchain rails. By executing trades against a broker-dealer's inventory, the fund maintains a fixed $1 price, bypassing the traditional end-of-day net asset value fluctuations. This model utilizes instant settlement on blockchain infrastructure, effectively eliminating the cash drag inherent in standard T+1 or T+2 settlement cycles. Institutional users can now access 24/7 liquidity via the WisdomTree Connect platform using USDC for settlement, with retail access via the Prime app slated for future release. Furthermore, the fund introduces continuous dividend accrual, leveraging blockchain timestamps to ensure shareholders earn yield even during mid-session transfers. This development follows the July 2025 passage of the GENIUS Act, which restricted interest-bearing stablecoins and accelerated the adoption of regulated tokenized cash alternatives. With total tokenized U.S. Treasury assets now exceeding $10 billion, this approval underscores the growing institutional integration of blockchain technology into mainstream capital markets.
- WisdomTree's WTGXX fund gained SEC approval for intraday trading at a fixed $1 price.
- Settlement occurs instantly on blockchain rails using USDC to eliminate traditional cash drag.
- Continuous dividend accrual allows yield generation during mid-session token transfers.
- Tokenized U.S. Treasury assets have surpassed $10 billion following the July 2025 GENIUS Act.
WisdomTree is a global exchange-traded fund and asset management firm that has been a pioneer in integrating blockchain technology into regulated financial products. Their digital assets division focuses on creating tokenized versions of traditional investment vehicles, such as money market funds, to provide investors with increased liquidity, transparency, and efficiency compared to legacy financial systems.