Wisdomtree’s Tokenized Treasury Fund Joins Moonpay’s Expansive Network
- Wisdomtree plans to integrate its tokenized Treasury money market fund, WTGXX, into Moonpay’s network of over 35 million accounts.
- Moonpay intends to use WTGXX as part of its stablecoin reserve management strategy starting in 2026.
- WTGXX is a tokenized money market mutual fund with a total valuation of $1.23 billion and an estimated annual percentage yield of approximately 3.61%.
- The fund’s tokens are issued on the Arbitrum, Solana, and Ethereum networks, with most value currently residing on Ethereum.
- This collaboration aims to expand into more tokenized funds globally, leveraging Moonpay’s infrastructure to reach eligible U.S. investors.
Wisdomtree and Moonpay’s partnership brings together traditional finance products with blockchain technology, offering a new avenue for investors through Moonpay’s extensive network. This integration not only enhances access but also supports stablecoin operations by utilizing regulated investment products like WTGXX as reserves.
(Source)
