New Era of Finance: Tokenized Funds Reshape Trading
WisdomTree has announced that its tokenized money market fund, WTGXX, received exemption from the U.S. Securities and Exchange Commission (SEC), making it the first registered tokenized fund in the U.S. capable of operating under the regulatory framework with 24/7 trading and instant settlement.
Breaking Barriers: Eliminating Settlement Delays
Traditional market transactions usually require T+1 settlement, but WTGXX changes the game. By leveraging blockchain-based tokenization, investors can use USDC stablecoins to access income-generating assets instantly, significantly improving liquidity and trading efficiency.
Institutional Access First, Retail to Follow
This groundbreaking functionality will initially be available to institutional investors via the WisdomTree Connect platform. The firm has also hinted at the potential for future expansion to retail investors, broadening access to tokenized financial products.
- SEC exemption ensures regulatory compliance
- 24/7 trading enhances market participation
- Instant settlement reduces transaction friction
- USDC support boosts liquidity