SEC approves WisdomTree plan for 24/7 trading of tokenized money market fund
The SEC approved WisdomTree's plan for 24/7, instant trading of its tokenized Treasury Money Market Fund shares.Summary
The U.S. Securities and Exchange Commission (SEC) granted asset manager WisdomTree exemptive relief to allow its Treasury Money Market Digital Fund (ticker: WTGXX) shares to trade intraday at $1 with a dealer, rather than only at the end-of-day Net Asset Value (NAV) typical of mutual funds. This new structure enables 24/7 trading with instant settlement on blockchain rails, as trades occur against the dealer's inventory. WisdomTree also introduced continuous dividend accrual based on wallet holding time. This move is part of a broader trend tokenizing capital markets, with over $10 billion in tokenized U.S. Treasuries already circulating, and WisdomTree plans to initially offer this functionality to institutions via its Connect platform.
(Source：CoinDesk)