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WisdomTree Announces Nine New Blockchain-Enabled Funds

WisdomTree announced that nine new blockchain-enabled funds have become effective with the U.S. Securities and Exchange Commission (SEC).

According to a company announcement, these nine funds will open ahead of the company’s digital wallet, which is set to arrive in the first quarter of 2023. The asset manager now has a total of ten digital funds. The WisdomTree Short-Term Treasury Digital Fund, the firm’s first digital fund, was approved by authorities in September of this year.

Will Peck, WisdomTree Head of Digital Assets, stated:

“We believe that blockchain-enabled finance has the potential to improve the investor experience through enhanced liquidity, transparency and standardization, which we aim to achieve over time, and these nine digital funds are setting the foundation as we seek to bridge the gap between traditional finance and digital finance today.”

Access to these digital funds is anticipated to be through the WisdomTree Prime mobile application, with transactions facilitated by WisdomTree Securities, Inc.2.

In 2022 and 2021, the financial innovator sought to launch a Bitcoin spot ETF. Both plans were rejected by the SEC, claiming inadequate restrictions to prevent fraud and market manipulation.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.