WisdomTree Launches First Tokenized Money Market Fund with SEC Approval
WisdomTree has received approval from the U.S. Securities and Exchange Commission (SEC) for a tokenized money market fund, WTGXX, marking the first time a registered mutual fund will trade and settle continuously on blockchains 24/7. The product is designed to offer investors access similar to stablecoins—always-on liquidity—with yields backed by short-term U.S. Treasuries. Will Peck, head of digital assets at WisdomTree, explained that the innovation stems from a structural shift in asset management and addresses limitations in traditional mutual funds which typically only transact once daily. The fund operates using an on-chain secondary market model similar to ETFs but with stablecoin settlement capabilities across nine blockchains including Ethereum and Solana. The SEC’s exemptive relief, announced in late February 2026, allowed WisdomTree Securities to act as a principal dealer for the product under FINRA clearance. The fund currently holds $730 million in assets yielding approximately 3.5%.
Tickers: $WT
Topics: blockchain money market funds stablecoins tokenization