WisdomTree Gets SEC Nod to Enable Instant Settlement for Tokenized Money Market Fund
Decrypt
by André BeganskiFebruary 24, 2026
AI-Generated Deep Dive Summary
WisdomTree has received regulatory approval from the SEC and FINRA to enable instant settlements for its tokenized money market fund, marking a significant step forward for digital asset innovation. The company’s WisdomTree Treasury Money Market Digital Fund (WTGXX) will now allow investors to trade shares throughout the day at $1 per unit, regardless of the fund's net asset value, which is traditionally determined after U.S. markets close. This move addresses the long-standing issue of "cash drag" in traditional financial markets by offering round-the-clock liquidity, a feature WisdomTree describes as "unprecedented."
The approval positions WTGXX as a hybrid product that combines the stability of a money market fund with the flexibility of digital assets. Backed by U.S. Treasuries and offering an annualized yield of 3.5%, WTGXX is designed to function like a stablecoin, enabling instant transactions across multiple blockchain networks such as Ethereum and Solana. Investors can now exchange shares for stablecoins instantly, while also earning yield based on their holding duration, tracked via blockchain timestamps.
This development highlights the growing alignment between regulators and the crypto ecosystem. The SEC’s decision to allow intraday trading of WTGXX reflects its commitment to fostering innovation in capital markets through blockchain technology. Brian Daly, director of the SEC's Division of Investment Management, emphasized that this relief preserves investor protections while enabling retail investors to access intra-day liquidity—a key advantage of digital assets.
For crypto enthusiasts and Web3 advocates, WisdomTree’s achievement underscores the potential for traditional financial products to adopt blockchain-based features. By bridging the gap between regulated markets and decentralized technologies, WTGXX sets a precedent for other institutions looking to modernize their offerings. This shift not only enhances efficiency but also demonstrates how regulatory bodies can adapt to support emerging financial systems.
The broader implications of this approval extend beyond individual investors.
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Originally published on Decrypt on 2/24/2026