WisdomTree, managing $161 billion in assets, will soon offer 24/7 trading and instant settlement for its US money market fund, the WisdomTree Treasury Money Market Digital Fund (WTGXX).
This new model allows continuous trading against the USDC stablecoin, a move described as the most significant structural innovation for funds governed by the Investment Company Act of 1940 since ETFs. "Instant settlement has been one of the true promises of blockchains and RWA tokenization," stated Will Peck, Head of Digital Assets.
Unlike traditional funds settling next-day, this structure enables immediate investment in yield-generating assets, eliminating delays on idle cash. Trades are executed bilaterally, preserving existing primary-market mechanics.
The fund also features continuous dividend accrual, using blockchain timestamps to allocate daily income. WTGXX aims for a stable net asset value of one dollar, investing in short-term Treasury and government securities. As of February 23, the fund held $730 million in assets with a 0.25% expense ratio.
Institutional clients will access this via WisdomTree Connect, with retail access planned for the firm's Prime app.