The US SEC approves WisdomTree's application for exemption on tokenized money market fund

Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) announced that its Division of Investment Management has issued an exemption to WisdomTree for its tokenized money market fund, WisdomTree Treasury Money Market Digital Fund. Under this exemption, investors can buy and sell shares of the money market fund (MMF) at $1 per share during trading hours through a dealer, without being limited by the fund’s daily net asset value (NAV). The fund issues tokenized shares on the blockchain. This regulatory exemption allows investors to continuously trade tokenized fund shares with dealers during trading hours and achieve faster settlement speeds compared to traditional methods. The SEC added that this move provides operational flexibility for tokenized fund products within the current regulatory framework, helping to improve trading efficiency and settlement experience.

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