WisdomTree adds instant settlement to digital MMF using stablecoins

U.S. asset manager WisdomTree has implemented 24-hour trading and instant settlement for its digital money market fund, WTGXX. Initially, the fund will use stablecoin settlements to provide around-the-clock liquidity. Previously, the U.S. Securities and Exchange Commission (SEC) had granted permission for WisdomTree's tokenized money market fund, the WisdomTree Treasury Money Market Digital Fund, to trade at a fixed price of $1 throughout the day.