Former CFTC Chief Endorses Treasury Fund Integration into Crypto Wallets
Caroline D. Pham, former acting chairman of the Commodity Futures Trading Commission (CFTC) and CEO of MoonPay Institutional, is advocating for crypto wallets to evolve beyond speculative tokens by offering regulated investment products like money market funds. On September 17, WisdomTree and MoonPay announced a collaboration to expand access in the U.S. to WTGXX, a Treasury Money Market Digital Fund that holds short-term Treasuries. The fund is designed for on-chain trading with no minimum investment as low as $1, making it accessible through digital wallets rather than traditional brokerage accounts. WisdomTree received SEC approval allowing continuous trading and settlement of the fund's shares against USDC stablecoin. Pham envisions a future where crypto wallets serve multiple financial functions including checking, savings, tokenized funds, and brokerage services. MoonPay plans to integrate this Treasury fund into its platform through an API-based phased rollout starting with partners before expanding further.
Tickers: $WT
Topics: cryptocurrency money market funds MoonPay Treasury funds WisdomTree