WisdomTree Tokenized Fund Supports 24/7 Trading and Instant Settlement: A Revolution in Traditional Settlement Models

According to Gate Market Data, as of February 25, 2026, the total market capitalization of the crypto market shows steady growth. Bitcoin (BTC) is priced at $65,326 today, with a 24-hour trading volume of $1.26 billion and a market share of 55.37%. Ethereum (ETH) is priced at $1,903.28 today, with a 24-hour trading volume of $387.38 million.

In this market context, the integration of traditional finance and blockchain technology is reaching a milestone. Asset management firm WisdomTree announced that its WisdomTree U.S. Treasury Money Market Digital Fund (WTGXX) has officially received exemptive approval from the U.S. Securities and Exchange Commission (SEC), launching 24/7 around-the-clock trading and real-time settlement. This marks the first time that registered tokenized fund shares have been permitted to conduct continuous secondary market trading within the U.S. regulatory framework.

Innovation within the Regulatory Framework

This innovation is not just a simple technological upgrade but a profound institutional breakthrough. By obtaining SEC exemptive relief, WisdomTree has successfully opened a new liquidity model for tokenized funds under the regulation of the 1940 Investment Company Act.

To realize this model, WisdomTree’s affiliated broker-dealer WisdomTree Securities also received approval from the Financial Industry Regulatory Authority (FINRA), allowing it to expand its core business to include principal trading of fund shares. This “dealer-principal” model bypasses traditional exchanges, providing bilateral liquidity directly through the broker’s balance sheet, while fully maintaining the primary market subscription and redemption mechanisms for the fund.

Eliminating T+1 Delay: The Value of Real-Time Settlement

Traditional fund transactions are limited by the T+1 settlement cycle, meaning investors typically have to wait one trading day after selling assets before funds are available for use. WisdomTree’s new mechanism completely eliminates this delay.

By integrating blockchain technology, trading of WTGXX shares can now be settled instantly. This means investors can enter and exit this income-generating asset in real time, effectively reducing the “cash drag” caused by settlement waiting periods and significantly improving capital efficiency. Initially, USDC stablecoin will be used as the settlement medium for around-the-clock trading, providing institutional users with a smooth on-chain trading experience.

Continuous Dividends: A Fairer Income Distribution Mechanism

In addition to innovations in trading and settlement, WisdomTree has introduced a continuous dividend accrual feature. This is a detail innovation that is difficult to achieve in traditional finance.

Using blockchain timestamp technology, the system can precisely track how long tokens are held in a wallet. Even transfers occurring on the same day can be proportionally allocated based on actual holding time, ensuring fair and accurate distribution of daily income. This mechanism makes the tokenized fund shares more functional and better suited for 24/7 trading.

Market Access and Future Outlook

According to plans, this new 24/7 trading and real-time settlement feature will initially be available to institutional clients through WisdomTree’s platform WisdomTree Connect™. In the future, it is expected to gradually expand to retail investors via channels like WisdomTree Prime®.

As giants like BlackRock and Franklin Templeton are entering the space, the tokenization of real-world assets (RWA) market is rapidly expanding. WisdomTree’s breakthrough provides a highly valuable reference model for how regulated traditional funds can leverage blockchain as a “new underlying infrastructure for capital markets.”

Risk Warning and Investor Notice

Despite the significance of this innovation, investors should remain aware of related risks. WTGXX primarily invests in short-term U.S. Treasury securities, aiming to maintain a net asset value of $1, but its share value may still fluctuate and is not insured by the Federal Deposit Insurance Corporation (FDIC). Additionally, blockchain-based trading faces technical risks such as network congestion, gas fee volatility, and third-party security vulnerabilities.