The agreement leverages MoonPay’s blockchain distribution network, which currently reports reach across 1,700 partner businesses and 35 million accounts. While the integration remains under development, WisdomTree intends to use the platform to offer an alternative channel for investors to move assets into the fund. Transactions will continue to be processed through WisdomTree Securities, Inc., ensuring the process remains within the existing regulated broker-dealer framework. MoonPay will provide the technological interface, though the firm will not act as an investment adviser or broker-dealer for the fund.
In section Cryptocurrency
WisdomTree and MoonPay partner to expand WTGXX access
WisdomTree and MoonPay have unveiled a partnership to integrate the tokenized WTGXX Treasury money market fund into MoonPay’s infrastructure. The collaboration aims to create a new access point for eligible U.S. investors while positioning the fund as a potential reserve asset for stablecoin issuers managed through MoonPay.
Beyond investor access, MoonPay plans to utilize WTGXX for its own stablecoin reserve management. The fund, which maintains a stable $1.00 net asset value, is specifically structured to comply with the GENIUS Act, allowing it to serve as a reserve asset for payment stablecoin issuers. As of June 30, the fund held the majority of its portfolio in U.S. government obligations and Treasury-backed repurchase agreements. Despite the expanded utility, no launch date for the MoonPay integration has been set, and details regarding specific stablecoin allocations or the size of reserves remain undisclosed.
Comments (0)
No comments yet. Be the first!