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CryptoBullish
7/10

SEC and FINRA Grant WisdomTree Relief for 24/7 Trading of Digital Treasury Fund

Published 5 days ago
Last updated 5 days ago1 updates
1 min read

Key Facts

  • •The SEC has given WisdomTree the green light for instant, 24/7 trading using blockchain technology.
  • •The move adds momentum to the $10 billion tokenized Treasury market.
  • •BlackRock and Circle are among the key players in this growing sector.

WisdomTree has secured landmark exemptive relief from both the SEC and FINRA, enabling 24/7 trading and instant settlement for its digital fund shares. The regulatory approval specifically applies to the 'WisdomTree Treasury Money Market Digital Fund', marking a pivotal moment for the tokenized Real World Asset (RWA) sector. This relief allows investors to bypass traditional settlement cycles, facilitating immediate liquidity through blockchain technology. The development comes as the $10 billion tokenized U.S. Treasury market faces intensifying competition from industry leaders like BlackRock and Circle. By leveraging this approval, WisdomTree aims to modernize financial infrastructure with continuous market availability. Analysts suggest that FINRA’s involvement in granting this relief signals a significant step toward broader regulatory acceptance of tokenized securities.

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Version History

Version 15 days ago
What changed: Updated the story to include FINRA's joint role in granting exemptive relief and identified the specific fund involved as the 'WisdomTree Treasury Money Market Digital Fund'.

Instruments

WTTokenized Treasuries
Sources:coindesk.comtheblock.cocointelegraph.com