WisdomTree, MoonPay plan U.S. access route for WTGXX tokenized Treasury fund

  • WisdomTree and MoonPay plan another U.S. access route for WTGXX.
  • WTGXX held 80.9% of net assets in government obligations at June 30.
  • MoonPay has not disclosed the stablecoin, allocation or launch date.

WisdomTree and MoonPay announced a Sept. 17 collaboration to build another access route to WTGXX, WisdomTree’s tokenized Treasury money market fund, for eligible U.S. investors. MoonPay also plans to use WTGXX in its stablecoin reserve management, but the companies have not identified the stablecoin, disclosed an allocation or set a launch date. The arrangement remains under development and does not mean investors can currently buy WTGXX through MoonPay. Transactions would continue to involve WisdomTree Securities, Inc., while MoonPay would provide technology and distribution through a network spanning more than 35 million accounts and 1,700 partner businesses. WTGXX invests exclusively in cash, short-term U.S. Treasury securities, Treasury-backed overnight repurchase agreements and registered government money market funds. WisdomTree has already enabled 24/7 trading and instant settlement for the fund within U.S. regulatory rules, including settlement against USDC outside conventional securities-market hours.

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