WisdomTree, Inc. has launched a 24/7 trading platform and instant settlement for shares of its WisdomTree Treasury Money Market Digital Fund (WTGXX). The move is the first time a registered tokenized mutual fund is allowed to trade and settle continuously under the Investment Company Act of 1940, made possible by exemptive relief granted by the SEC and FINRA approval for its broker‑dealer subsidiary, WisdomTree Securities, Inc.
The new platform lets institutional investors trade WTGXX shares against USDC at any time, eliminating the traditional T+1 settlement lag and reducing cash drag. Trades settle through a dealer‑principal liquidity model, with settlement occurring from broker‑dealer inventory rather than directly with the fund, thereby preserving the fund’s primary‑market structure while providing continuous liquidity.
This regulatory breakthrough positions WisdomTree as a pioneer in tokenized money‑market products. While other tokenized funds such as Franklin Templeton’s BENJI have offered around‑the‑clock trading or fast settlement, WisdomTree’s model is the first to receive continuous‑trading approval under the Investment Company Act, giving it a competitive edge over traditional ETFs that cannot offer 24/7 liquidity.
The launch is part of WisdomTree’s broader strategy to grow its digital‑asset business. The firm’s digital‑asset AUM reached $770 million at the end of 2025, and its total AUM—including traditional ETFs—was $160.8 billion by January 28, 2026. WTGXX was rebranded from the WisdomTree Government Money Market Digital Fund on November 1, 2025, and it follows Rule 2a‑7, which sets strict liquidity and risk‑management requirements for money‑market funds.
Will Peck, Head of Digital Assets at WisdomTree, said, "Instant settlement has been one of the true promises of blockchains and RWA tokenization. We're grateful for the constructive engagement with the SEC and FINRA, including the grant of exemptive relief and regulatory approvals necessary to bring this innovation to market. This is a true innovation and improvement in the investor experience, and it demonstrates how blockchain can serve as a new set of rails for capital markets. We're thrilled to bring this feature forward for our tokenized money market fund."
The continuous liquidity and instant settlement model reduces cash drag for institutional investors and positions WisdomTree as a leader in the emerging tokenized asset space, reinforcing its commitment to expanding digital‑asset offerings and strengthening its competitive position against traditional ETFs.
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