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WisdomTree said it has introduced round-the-clock trading and instant settlement for the WisdomTree Treasury Money Market Digital Fund, a tokenized money market mutual fund known by its ticker WTGXX.
The move follows exemptive relief from the U.S. Securities and Exchange Commission, allowing registered tokenized mutual fund shares to trade and settle 24/7 under U.S. fund rules. The structure lets investors exchange fund shares against USDC stablecoins with immediate settlement, instead of waiting until the next business day under the usual T+1 settlement cycle.
WisdomTree said the move marks a major shift for tokenized funds, allowing investors to move into interest-earning assets instantly instead of waiting for trades to clear, reducing idle cash on the sidelines, and bringing some of the speed and efficiency of crypto-style trading into fully regulated mutual funds.
Institutional Rollout and Retail Plans
The new feature will roll out first to institutional investors through WisdomTree Connect, the firm’s digital platform, where crypto-focused firms already use WTGXX to earn money market yields while keeping their assets in the digital asset ecosystem rather than shifting money back into traditional accounts.
The firm’s broker-dealer subsidiary, WisdomTree Securities, has received approval from FINRA to buy and sell the fund’s shares on its own account, helping keep trading open around the clock, with trades initially settling in USDC.
WisdomTree added that, over time, similar capabilities could be extended to retail investors via its WisdomTree Prime app and other distribution channels.
Blockchain Timestamps Used to Track Daily Income
Alongside the trading upgrade, WisdomTree unveiled a continuous dividend accrual mechanism for WTGXX. Using blockchain timestamps, the system allocates each day’s income based on how long each verified wallet holds tokens, even as they move between wallets during the day.
“Instant settlement has been one of the true promises of blockchains and RWA tokenization,” said Will Peck, WisdomTree’s head of digital assets, calling the new setup “a true innovation and improvement in the investor experience.”
Combined with peer-to-peer transfer features, the fund is designed to support frictionless 24/7 movement of value across wallets, accounts, and counterparties while maintaining its existing investment process, WisdomTree said.
Tokenized Wrapper, Traditional Portfolio
Despite the “digital” label, WTGXX operates much like a traditional government money market fund, with a portfolio built around short-dated U.S. Treasuries and government-agency securities, meaning investors take familiar government money market risk rather than crypto exposure. The blockchain piece sits mainly in the share register: ownership is recorded as tokens on public networks to enable 24/7 trading and instant settlement, without changing what the fund actually holds.
