WisdomTree expands the reach of its tokenized Treasury fund, WTGXX, by integrating with MoonPay's wallet platform to offer 24/7 trading and yield opportunities to millions of retail users.
WisdomTree's partnership with MoonPay expands distribution of its tokenized Treasury fund to millions of wallet users.
MoonPay gains a new product for its 35 million users and plans to use the fund in its stablecoin reserves.
USDC is the settlement stablecoin for WTGXX's 24/7 trading, but the partnership's direct impact on USDC demand is limited.
WisdomTree and MoonPay have announced a strategic collaboration to integrate the WisdomTree Treasury Money Market Digital Fund (WTGXX) into MoonPay's wallet infrastructure. This initiative aims to provide 35 million users with access to regulated, on-chain investment products, allowing retail investors to earn yields on short-term Treasuries directly through their digital wallets.
WTGXX is a 40 Act rule 2a-7 money market fund that holds short-term U.S. Treasuries, designed to provide investors with steady returns in a digital, tokenized format.
MoonPay users will gain the ability to access regulated investment products directly within their wallets, allowing them to earn yields on Treasuries without leaving the on-chain ecosystem.