WisdomTree Launches 24/7 Trading and Instant Settlement for Shares of WTGXX

For decades, investing has operated within defined market hours and standard settlement cycles. But times have changed.

Following the SEC’s exemptive relief, WisdomTree Securities has enabled 24/7 trading and instant settlement for WisdomTree’s Treasury Money Market Digital Fund, WTGXX, for WisdomTree Connect customers. This makes WTGXX the world’s first and only tokenized MMF to be approved by the SEC for instant, around-the-clock trading and settlement.

As a result, institutional investors looking for yield from flexible, always-available capital can now manage liquidity, deploy funds, and move value at any time while still benefiting from the stability and regulatory protections of a traditional money market fund.

How Money Market Funds Traditionally Operate

Money market funds (MMFs) are widely used for cash management because they invest in short-term, high-quality instruments like U.S. Treasury securities while aiming to maintain a stable, dollar-like share price.

Traditional MMFs limit trading flexibility. Under mutual fund regulations, purchases and redemptions occur at the next calculated net asset value (NAV), which is typically determined once per day. While this approach creates stability, it can be inefficient for institutional investors looking to move capital more quickly, leaving the benefits of flexible and faster trading on the table.

Fortunately, the SEC’s recent exemptive relief now unlocks more financial flexibility and efficiency for WTGXX investors.

What SEC Approval Means for WisdomTree Users

With the SEC’s exemptive relief, WTGXX now stands apart from every other digital money market fund. More specifically, WisdomTree has now introduced instant secondary market trading for WTGXX shares through WisdomTree Securities, an SEC-registered broker-dealer acting as principal.

Instead of trading directly with the WTGXX fund, WisdomTree Connect clients can buy or sell shares of WTGXX from the broker-dealer's inventory at any time. Because these transactions occur outside of the underlying fund, they do not affect retail users' typical experience of interacting with a daily, stable price window. This results in assets that can move quickly, efficiently, and cost-effectively throughout the day.

In short, WTGXX’s updated structure preserves the fund’s investment process while unlocking new capabilities for investors, starting with WisdomTree Connect clients and expanding soon to investors on WisdomTree Prime.

Trade WTGXX Shares Anytime With 24/7 Market Access

WisdomTree Connect users can now buy and sell WTGXX shares at any time, including nights, weekends, and holidays, subject to WisdomTree Securities inventory or capital. This removes one of the biggest structural limitations of traditional money market funds, which typically only allow transactions during a single daily pricing window tied to the fund’s NAV calculation.

For treasury teams and digital asset investors managing capital across global markets, this means liquidity decisions no longer need to wait for U.S. market hours. Institutional investors can respond to opportunities, manage balances, or move capital between strategies whenever, with liquidity provided by a registered broker-dealer acting as principal through dealer inventory.

Instant Onchain Settlement Eliminates Waiting for Cash to Clear

In addition to around-the-clock trading, WTGXX transactions can settle instantly onchain, allowing capital to be deployed or redeployed immediately. In traditional markets, even after a trade is executed, proceeds often remain unavailable until the next business day or longer while settlement processes are completed.

With WTGXX, shares transfer directly between the broker-dealer and WisdomTree Connect users with immediate settlement, initially facilitated using USDC. This means capital no longer sits idle waiting to clear, allowing institutions to reuse funds instantly and manage liquidity more efficiently.

Continuous Dividend Accrual Aligns Yield With Actual Ownership

WisdomTree also announced continuous dividend accrual, meaning that dividends are allocated to investors based on the period that they hold WTGXX. This fundamentally changes how income from the fund is distributed.

Traditionally, money market funds allocate dividends based on a single daily snapshot of ownership, typically taken at 4:00 p.m. ET, meaning investors who hold shares at that moment receive the full day’s income. Now, WTGXX allocates dividend accruals continuously throughout the day, with investor payouts distributed monthly.

This means when shares transfer between investors, the recipient begins generating income immediately from the moment ownership is recorded onchain, aligning income more closely with how long capital is actually invested.

Always-on Finance Within a Fully Regulated Environment

Importantly, WTGXX operates within existing regulatory frameworks while leveraging the full benefits of blockchain technology. WisdomTree worked with the SEC to obtain the necessary exemptive relief to offer continuous trading and instant settlement within a registered fund structure.

This is a fundamentally different offering than what is trading in today’s volatile, unregulated onchain markets. While digital assets have introduced faster ways for value to move, the vast majority of blockchain-based markets operate outside established regulatory frameworks. This can create uncertainty for institutions and investors who demand legal compliance and strong investor protections.

In short, WTGXX’s latest phase represents an evolution of regulated financial products rather than a departure from established oversight.

Reimagining Cash Management for More Liquid, Always-On Markets

Tokenized money market funds are emerging as an important bridge between traditional financial markets and more efficient, accessible digital asset ecosystems. As stablecoins and onchain finance continue to grow, demand for yield-bearing digital cash instruments will likely increase.

By enabling 24/7 trading, instant settlement, and continuous dividend accrual in shares of WTGXX through WisdomTree Securities, WisdomTree removes key frictions that previously limited how regulated money market funds operate in an always-on financial environment.

Trading around the clock and settling instantly may eventually become the norm, rather than the exception. But WisdomTree is not waiting for the world to catch up, and we will continue to break new ground as we bring traditional finance into the digital age in a way that makes regulated investments faster, more flexible, and more accessible for investors.