WisdomTree Gains SEC Approval for 24/7 Trading and Blockchain Settlement for Treasury Money Market Fund
The SEC approved WisdomTree’s dealer-led digital fund model under the 1940 Act, enabling 24/7 trading and instant settlement via USDC for institutional investors.
USDC
Fact Check
Multiple independent and authoritative sources, including regulatory news outlets and direct corporate communications, indicate that WisdomTree has indeed launched a tokenized Treasury money market fund. Public statements from WisdomTree’s Chief Investment Officer and official reports confirm that the fund received regulatory approval from the SEC permitting intraday or real-time trading and instant settlement via blockchain infrastructure. The descriptions consistently emphasize the fund’s tokenized nature and real-time transaction capabilities, matching the features described in the statement. Technical commentary from blockchain infrastructure providers corroborates the existence of 24/7 blockchain-based operability, although practical trading hours may still depend on counterparties or platform accessibility. Overall, the evidence strongly supports the claim that WisdomTree launched such a tokenized money market fund with 24/7 trading and instant settlement functionality, with only minor uncertainty about the operational scope of '24/7' trading. Thus, the statement is very likely true.
Summary
WisdomTree launched 24/7 trading and instant settlement for its Treasury Money Market Digital Fund following SEC approval of a dealer-led model under the Investment Company Act of 1940. The SEC exemption allows WisdomTree Securities to facilitate continuous transactions, with FINRA providing regulatory clearance. Settlements are conducted in USDC, integrating blockchain-based efficiency into a regulated product. Institutional participants can access the fund through WisdomTree Connect, marking a milestone in bridging traditional finance and tokenized investment operations.
Terms & Concepts
- USDC: A U.S. dollar–backed stablecoin issued by Circle, commonly used for instant blockchain-based settlements and digital asset transactions.
- Blockchain Settlement: The process of using blockchain technology to complete financial transactions instantly, reducing delays in traditional settlement systems.
- Tokenized Treasury Money Market Fund: A blockchain-based version of a money market fund that enables digital representations of shares and allows near-instant settlement.