Finance
What to know, darling:
- Ah, the Securities and Exchange Commission, that bastion of bureaucratic brilliance, has deigned to approve WisdomTree’s request to let its Treasury Money Market Digital Fund (WTGXX) trade at a fixed $1 intraday price. How quaintly revolutionary!
- Under this new farce-er, structure-a broker-dealer shall frolic in its own inventory, trading 24/7 with instant blockchain settlement. The mutual fund, of course, remains as staid and regulated as a Victorian tea party.
- WisdomTree now prances into the gilded circle of firms tokenizing traditional assets, a market that has ballooned to over $10 billion in tokenized Treasuries. How delightfully vulgar!
The U.S. Securities and Exchange Commission (SEC), in a rare moment of whimsy, has granted asset manager WisdomTree the privilege of trading shares of its Treasury Money Market Digital Fund at $1 with a dealer on an intraday basis. How daringly mundane!
Until this stroke of genius, investors in the fund, trading under the ticker WTGXX, were shackled to transacting at the end of the day at the fund’s NAV. The new structure, however, unleashes them into the wild, trading around the clock through a broker-dealer, with instant settlement on blockchain rails. Progress, my dear, is a double-edged sword.
WisdomTree, ever the enfant terrible, required exemptive relief from the SEC and regulatory clearance from FINRA to expand its broker-dealer subsidiary’s activities. Trades now occur against the dealer’s inventory, a sleight of hand that maintains the fund’s primary structure while offering 24/7 liquidity. How cleverly pedestrian!
“This is a true innovation and improvement in the investor experience, and it demonstrates how blockchain can serve as a new set of rails for capital markets,” declared Will Peck, WisdomTree’s head of digital assets, with all the gravitas of a man selling ice to Eskimos.
WisdomTree has also introduced continuous dividend accrual, a feature that tracks wallet activity onchain, ensuring that even mid-day transfers don’t miss their share of the yield. How thoughtfully mercenary!
The firm plans to unveil this functionality first to institutions via its Connect platform, with retail access potentially following through its Prime app. The masses, it seems, must wait for their crumbs.
This change is but a step in the grand ballet of tokenizing capital markets. Large banks and asset managers have been pirouetting around blockchain-based systems, aiming to cut settlement times and reduce operational friction. Tokenization, the darling of the digital age, represents financial instruments as digital tokens on a blockchain, allowing ownership to glide in near real time.
Money market funds backed by U.S. Treasuries have become the prima donnas of this performance. Over $10 billion worth of tokenized U.S. Treasuries are now in circulation, according to the ever-watchful rwa.xyz.
Leading the troupe is BlackRock and Securitize’s BUIDL fund, with over $2 billion in total value locked. Other performers include offerings from stablecoin issuer Circle (CRCL) and Ondo Finance. With the SEC’s approval, WisdomTree joins this glittering ensemble, bringing traditional cash management tools onto blockchain infrastructure while tiptoeing within the regulatory framework.
Read More
- BTC PREDICTION. BTC cryptocurrency
- USD MYR PREDICTION
- Gold Rate Forecast
- EUR USD PREDICTION
- USD JPY PREDICTION
- Silver Rate Forecast
- USD PLN PREDICTION
- XRP’s Fortune: A Tale of Millions 💸
- Nubank’s Bank Hunt: Drama, Debt & a Dash of Deception! 🎩💸
- USD VES PREDICTION
2026-02-24 17:50