U.S. SEC Approves Exemption Application for WisdomTree Tokenized Money Market Fund

Odaily News: The U.S. Securities and Exchange Commission (SEC) announced that its Division of Investment Management has issued an exemptive order to the WisdomTree tokenized money market fund, the WisdomTree Treasury Money Market Digital Fund. Under this order, investors can buy and sell shares of this money market fund (MMF) through dealers at a price of $1 per share intraday, without being restricted by its daily closing net asset value (NAV). The fund issues tokenized shares on a blockchain. This regulatory exemption allows investors to continuously trade tokenized fund shares with dealers intraday and achieve faster settlement speeds compared to traditional models. The U.S. SEC added that this move provides flexibility for the operation of tokenized fund products under the current regulatory framework, helping to improve trading efficiency and settlement experience.