Odaily Planet Daily reports that WisdomTree has announced its WisdomTree Treasury Money Market Digital Fund (WTGXX) is now available with 24/7 trading and real-time settlement. This marks the first time a registered tokenized mutual fund share has been approved to trade around the clock and settle instantly within U.S. regulatory oversight through a dealer-principal liquidity model.
The rollout of this feature required coordination of multiple regulatory approvals, with several entities under WisdomTree receiving exemptions from the U.S. Securities and Exchange Commission (SEC). Additionally, WisdomTree Securities, a broker-dealer subsidiary of WisdomTree, received approval from the Financial Industry Regulatory Authority (FINRA) to expand its broker-dealer operations to include proprietary trading of registered fund shares. Initially, this will enable 24/7 liquidity for tokenized money market fund shares and settle using stablecoins. (Businesswire)
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WisdomTree introduces 24/7 trading and instant settlement services for tokenized money market fund shares
Odaily Planet Daily reports that WisdomTree has announced its WisdomTree Treasury Money Market Digital Fund (WTGXX) is now available with 24/7 trading and real-time settlement. This marks the first time a registered tokenized mutual fund share has been approved to trade around the clock and settle instantly within U.S. regulatory oversight through a dealer-principal liquidity model.
The rollout of this feature required coordination of multiple regulatory approvals, with several entities under WisdomTree receiving exemptions from the U.S. Securities and Exchange Commission (SEC). Additionally, WisdomTree Securities, a broker-dealer subsidiary of WisdomTree, received approval from the Financial Industry Regulatory Authority (FINRA) to expand its broker-dealer operations to include proprietary trading of registered fund shares. Initially, this will enable 24/7 liquidity for tokenized money market fund shares and settle using stablecoins. (Businesswire)