WisdomTree and MoonPay Collaborate to Enhance Access to Tokenized Treasury Fund
- WisdomTree is partnering with MoonPay to expand access to its WisdomTree Treasury Money Market Digital Fund (WTGXX), a tokenized fund aiming for a $1 share price.
- MoonPay will leverage its technology to provide access to WTGXX, tapping into its network of over 35 million accounts.
- The tokenized US Treasury market is currently valued at approximately $15.4 billion, with WTGXX representing about $1.23 billion of that total.
- In the past month, WTGXX has seen net flows of $466 million, indicating strong investor interest.
- MoonPay’s enterprise stablecoin business was launched in November, issuing dollar-denominated stablecoins across multiple blockchains.
This partnership aims to facilitate broader access to tokenized investment options in the US market while potentially expanding into international markets in the future.
The collaboration could significantly impact the tokenized treasury landscape, as evidenced by WTGXX’s recent net inflows of $466 million within just one month. (Source)
