WisdomTree will launch 24/7 trading and instant settlement services for tokenized money market fund shares.

PANews reported on February 24th that, according to Businesswire, WisdomTree announced that its WisdomTree Treasury Money Market Digital Fund (WTGXX) now offers 24/7 trading and instant settlement. This marks the first time that registered tokenized mutual fund shares have been approved for 24/7 trading and instant settlement through a dealer-delegator liquidity model within the US regulatory framework.

The rollout of this feature requires coordination of multiple regulatory approvals, and several entities under WisdomTree have received exemptions from the U.S. Securities and Exchange Commission (SEC). Furthermore, WisdomTree Securities, a brokerage and proprietary trading subsidiary of WisdomTree, has received approval from the Financial Industry Regulatory Authority (FINRA) to expand its brokerage and proprietary trading business to include proprietary trading of registered fund units. Initially, this will enable 24/7 liquidity for tokenized money market fund units and will use stablecoins for settlement.