Wall Street’s big blockchain win: SEC gives WisdomTree the green light for instant, around-the-clock trading

The determination adds momentum to the $10 cardinal ample tokenized Treasury marketplace led by BlackRock, Circle and others.

Feb 24, 2026, 2:48 p.m.

The U.S. Securities and Exchange Commission (SEC) has approved a peculiar petition from plus manager WisdomTree allowing shares of its Treasury Money Market Digital Fund to commercialized astatine $1 with a trader connected an intraday basis, careless of the fund’s end-of-day nett plus value.

Until now, investors successful the fund, which trades nether the ticker WTGXX, had to transact astatine the extremity of the time astatine the fund’s NAV, arsenic is modular for accepted communal funds. The caller operation allows trades to hap astir the timepiece done a broker-dealer acting arsenic principal, with instant colony connected blockchain rails.

WisdomTree said the support required exemptive alleviation from the SEC and regulatory clearance from FINRA to grow the activities of its broker-dealer subsidiary. Under the caller model, trades hap against the dealer’s inventory alternatively than straight with the fund, enabling 24/7 liquidity portion keeping the fund’s superior operation intact.

“This is simply a existent innovation and betterment successful the capitalist experience, and it demonstrates however blockchain tin service arsenic a caller acceptable of rails for superior markets,” Will Peck, WisdomTree’s caput of integer assets, said successful a connection connected Tuesday.

WisdomTree besides introduced continuous dividend accrual for the fund, allocating involvement based connected however agelong each wallet held shares passim the day. The diagnostic tracks wallet enactment onchain, ensuring that adjacent mid-day transfers don’t miss a stock of the yield.

The steadfast plans connected making the functionality disposable to institutions archetypal via its Connect platform, with imaginable retail entree aboriginal done its Prime app.

The alteration marks a measurement successful the broader propulsion to tokenize parts of superior markets. Several ample banks and plus managers person piloted blockchain-based systems to contented and settee accepted assets, aiming to chopped colony times and trim operational friction. Tokenization refers to representing fiscal instruments arsenic integer tokens connected a blockchain, allowing ownership to determination successful adjacent existent time.

Money marketplace funds backed by U.S. Treasuries person go a cardinal trial case. More than $10 cardinal worthy of tokenized U.S. Treasuries are present successful circulation, according to information supplier rwa.xyz.

At the forefront is BlackRock and Securitize’s BUIDL fund, which holds implicit $2 cardinal successful full worth locked, a metric that reflects the dollar worth of assets committed to the merchandise onchain. Other offerings see products from stablecoin issuer Circle (CRCL) and Ondo Finance.

With the SEC’s approval, WisdomTree joins a increasing radical of firms seeking to bring accepted currency absorption tools onto blockchain infrastructure portion staying wrong the existing regulatory framework.

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