Overview
- Regulators granted SEC exemptive relief and FINRA clearance for WisdomTree’s broker-dealer to act as principal, enabling the new structure.
- WTGXX shares can trade at $1 intraday against the dealer’s inventory with instant settlement on blockchain rails using USDC.
- The setup keeps the fund’s primary-market mechanics intact by moving transactions off direct, end-of-day NAV dealing with the fund.
- Institutions will access the functionality via WisdomTree Connect, with retail access planned later through the Prime app with a $1 minimum.
- WTGXX targets a stable $1 NAV in short-term Treasuries, held about $730 million with a 0.25% expense ratio as of Feb. 23, as tokenized Treasury products surpass $10 billion industrywide.