US-based asset manager WisdomTree has launched 24/7 trading and instant settlement for the WisdomTree Treasury Money Market Digital Fund (WTGXX), allowing registered tokenized mutual fund trading under the Investment Company Act of 1940. Liquidity will be provided through broker-dealer inventory, with USDC serving as the settlement asset for transactions.

The Bank for International Settlements reported that tokenized money market funds have grown to nearly $9 billion from $770 million at the end of 2023. Asset managers like BlackRock, Franklin Templeton, and WisdomTree have seen significant growth in their tokenized money market funds, with assets reaching billions of dollars.

The surge in tokenized money market funds comes after the passage of the GENIUS Act in July 2025, which restricted interest-bearing stablecoins in the US. This legislation positioned tokenized money market funds as regulated, yield-generating cash options on public blockchains. Lawmakers are currently debating the CLARITY Act in Congress, addressing stablecoin yield treatment.

Read more at Cointelegraph: WisdomTree Launches 24/7 Trading for Tokenized Treasury Money Market Fund