WisdomTree's Tokenized Fund Gets Green Light for Round-the-Clock Trading

WisdomTree has made a significant move in the world of digital assets by gaining approval from the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) for its tokenized money market fund, WTGXX. This development will enable WTGXX to trade 24/7, allowing investors to cash out instantly.

The approvals from the SEC and FINRA mark a major milestone in the adoption of blockchain-based financial products. The move is expected to reduce 'cash drag' associated with settlement delays in traditional markets, while harnessing the efficiency and liquidity advantages native to digital representations of real-world assets.