WisdomTree, MoonPay to offer tokenized money fund through crypto app

  • WisdomTree and MoonPay will create a U.S. access point for WTGXX purchases.
  • WTGXX held $1.23 billion on Friday, ranking fifth among tokenized Treasury products.
  • MoonPay will add WTGXX to stablecoin reserve management, with launch timing undisclosed.

WisdomTree and MoonPay will build an access point for eligible U.S. investors to buy shares of WisdomTree Treasury Money Market Digital Fund, ticker WTGXX, through MoonPay’s consumer platform. MoonPay also plans to incorporate the fund into reserve management for its stablecoin business, although the firms did not disclose which stablecoin products would use it or what portion of reserves it would represent. WTGXX held $1.23 billion on Friday, making it the fifth-largest tokenized Treasury product and the largest of WisdomTree’s seven tokenized funds, according to rwa.xyz. WisdomTree’s seven tokenized funds totaled $1.2 billion, compared with a $15.40 billion tokenized Treasury market. The firms did not provide a launch date. The arrangement follows MoonPay’s June integration of Franklin Templeton’s BENJI money market fund into MoonPay Trade for institutional stablecoin-to-fund swaps and extends WisdomTree’s distribution to crypto-native partners. WTGXX invests in U.S. Treasury obligations and money market securities and seeks income while preserving capital and liquidity; its WisdomTree Connect page lists no performance history and identifies it as new.

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