Making Real-World Assets Move Like Crypto

Once someone is onchain, that’s where they want to stay. The problem is that the financial system was not built with that in mind. Moving value that is already onchain still means offboarding to a bank, waiting days for transfers to clear, and paying re-entry costs to get back in. That friction is not a minor inconvenience. It is a structural mismatch between how traditional assets are held and how onchain capital actually moves.

But the market is starting to close that gap in a real way. Tokenized real-world assets excluding stablecoins crossed $19 billion by the end of last year. Stablecoins hit $300 billion in circulation. At WisdomTree Digital Assets, everything we're building is in service of one idea: make real-world assets behave more like crypto. This year has been about making that undeniable.

What we shipped so far this year

We've been focused on bringing exposures onchain that let people access traditional asset classes and real investment returns without ever needing to leave the ecosystem. Here is what that looked like.

WTGXX: regulated fund, crypto-native liquidity

WTGXX became the first registered tokenized mutual fund permitted to trade and settle instantly, around the clock, within the U.S. regulatory perimeter. Getting there required SEC exemptive relief and FINRA approval for our broker-dealer subsidiary, WisdomTree Securities, to act as principal in these trades. It is the kind of regulatory milestone that moves the entire industry forward

What that means in practice: investors can move in and out of a money market fund at any hour, on any day, with no T+1 delay. Settlement is facilitated by stablecoins. We also launched continuous dividend accrual alongside this, so holders receive their proportionate share of daily income based on blockchain timestamps, even when tokens move between wallets during the day.

Solana expansion

We brought our full suite of tokenized funds to Solana, giving both institutional and retail investors the ability to mint, trade, and hold them natively on the network. Retail users can now on-ramp USDC from Solana directly into regulated, yield-generating fund positions without ever touching traditional banking rails. Institutional clients can manage tokenized fund positions directly on Solana and interact with Solana-native applications, subject to applicable risk controls. The stablecoin conversion service is available for subscriptions and redemptions across the full suite.

The multichain strategy is simple: meet users where they already are rather than asking them to move to a different part of the ecosystem to access our products.

WisdomTree Prime live in all 50 states

WisdomTree Digital Movement has obtained money transmitter licenses across all 50 U.S. states and the District of Columbia to operate a platform for the purchase, sale and exchange of tokenized assets, and to provide blockchain-native digital wallet services through WisdomTree Prime. This allows nationwide access to tokenized funds through WisdomTree Prime for the first time, a significant milestone in terms of distribution for American retail investors. While other teams focused on building outside of the US regulatory environment, WisdomTree has always worked within the legal guidelines to provide fair, structured access to high quality, regulated funds to the investors closest to home.

Stablecoin funding expansion

Users on WisdomTree Prime can now fund their accounts in U.S. dollars or stablecoins, including USDC and PYUSD, and move between stablecoins and fund positions within the app. No converting to cash, no waiting on bank transfers. By allowing users to fund via traditional channels or stablecoins, onboarding friction is lowered, giving users greater control, easier access and more options for managing their onchain assets.

Plume and Toku payroll pilot

Payroll is one of the most widely used financial rails in the world and it has barely changed in decades. Every iteration has improved the interface, but the underlying infrastructure is the same as it was in the 1970s. Trillions of dollars move through it every year, and until now, employees earned minimal yield in their checking accounts.

Plume's pilot with Toku changes that equation. Employees can elect to receive part of their salary directly as shares of WTGXX. The dividend accrual starts from the moment the compensation lands. No exchange required, no crypto purchase needed, no separate platform to navigate. It is an early example of how tokenized real-world assets can move beyond investment products and into everyday financial infrastructure, without disrupting the underlying payroll process at all.

WisdomTree Connect developer documentation

We also launched the WisdomTree Connect developer documentation, making it easier for developers, institutions, and software systems to integrate regulated tokenized assets directly into applications, workflows, and automated systems.

The documentation is built around the core primitives of WisdomTree Connect: accounts, wallets, orders, assets, and settlement layers. Developers can use APIs to create and manage orders programmatically, control wallets, and track lifecycle events from submission through settlement. They can also use onchain-triggered workflows, where blockchain activity itself becomes the interface: assets are sent onchain, WisdomTree Connect detects the transaction, creates the corresponding order, and processes it through to completion.

That matters because the next phase of onchain finance is not just about making assets available. It is about making them programmable. Connect APIs, smart contract interfaces, and fund data APIs make tokenized assets usable as building blocks for treasury systems, automated portfolio strategies, payment flows, and AI-agent-driven financial workflows.

Stable Sea treasury management

The same idea extends to how businesses manage treasury. Most operating cash sits idle by default, in a checking account or a stablecoin wallet, earning nothing while it waits to be deployed. That has always been the quiet inefficiency of business treasury management. Tokenization changes the equation.

Through our collaboration with Stable Sea, businesses can now move idle stablecoins directly into WTGXX within the workflows they already use to manage liquidity and working capital. WTGXX is registered under the Investment Company Act of 1940, available across eight public blockchains, accessible via USDC, and has no minimums. No manual off-ramp required, no need to sell stablecoins and wire fiat separately. For finance teams operating under fiduciary obligations, the regulatory structure matters as much as the yield. This delivers both.

The connectivity problem

Instant settlement solves one dimension of the problem. The broader challenge is connectivity: making it possible for value to move across the ecosystem without forcing users back through traditional rails. Once someone is onchain, that is where they want to stay. The question then is how you let them stay there for as much of their financial life as possible.

On yield: not all of it is what it appears to be

Many onchain products advertise 7% or 8% returns and present that as a steady, reliable rate. But no instrument generates excess return without taking on excess risk. Any stablecoin that pays rewards does so at the platform's discretion. They are not required to pay it, and they can stop at any time. If you don't know where the yield is coming from, you're the yield.

For anyone evaluating onchain yield, the number is the least important part. The question is where it is coming from.

The direction we're heading

Making the ecosystem more connected and more usable is the push. Instant settlement, stablecoin connectivity, multichain deployment, developer infrastructure, and new delivery mechanisms for tokenized assets are all in service of the same thing: making real-world assets behave more like crypto. That is what we are building toward.