WisdomTree Expands Asset Tokenization Offerings
Asset management firm WisdomTree (WT) is diving deeper into asset tokenization by expanding its institutional investment platform, WisdomTree Connect. The platform now includes 13 tokenized funds across five blockchain networks, the company announced on Thursday.
Previously limited to Ethereum, WisdomTree Connect now supports Arbitrum, Avalanche, Base, and Optimism. Investors can engage with the funds using U.S. dollars or Circle’s USDC stablecoins, with holdings accessible in third-party and self-custodial wallets.
With these new additions, WisdomTree Connect now boasts the title of offering “the most extensive suite of tokenized real-world assets (RWA) available to institutions,” according to a spokesperson.
Tokenized Fund Suite
The suite includes a variety of tokenized funds ranging from money market funds to equity index funds and fixed income funds. The tokenized money market fund, WisdomTree Government Money Market Digital Fund (WTGXX), provides exposure to short-term government securities. Equity index funds such as WisdomTree 500 Digital Fund (SPXUX) and WisdomTree Technology & Innovation 100 Digital Fund (TECHX) track major stock market indices. The fixed income segment offers options tied to various Treasury durations and inflation-protected securities.
All offerings are registered with the Securities and Exchange Commission (SEC) under the Investment Company Act of 1940.
Rapid Growth in Asset Tokenization
Asset tokenization is gaining momentum among asset managers as they seek to leverage blockchain technology for operational efficiencies. This rapidly growing sector has the potential to evolve into a trillion-dollar market as various real-world assets, including real estate, bonds, and credit, transition onto blockchain platforms.