WisdomTree to launch 24/7 trading and instant settlement services for tokenized money market fund shares
PANews, February 24 — According to Businesswire, WisdomTree has announced that its WisdomTree U.S. Treasury Money Market Digital Fund (WTGXX) now offers 24/7 trading and instant settlement. This marks the first time that registered tokenized mutual fund shares have been approved within the U.S. regulatory framework to enable 24/7 trading and instant settlement through a dealer-agent liquidity model.
The launch of this feature required coordination of multiple regulatory approvals, with several WisdomTree entities receiving exemptions from the U.S. Securities and Exchange Commission (SEC). In addition, WisdomTree's broker-dealer subsidiary, WisdomTree Securities, has received approval from the Financial Industry Regulatory Authority (FINRA) to expand its broker-dealer business to proprietary trading of registered fund shares. Initially, this will enable 24/7 liquidity for tokenized money market fund shares, with settlements conducted using stablecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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