WisdomTree Gets SEC Nod for 24/7 Tokenized Money Market Fund
A new breed of money-market fund has arrived on Wall Street.
This week, US regulators gave WisdomTree Inc. so-called exemptive relief to trade tokenized shares of its money-market mutual fund intraday, in what the asset manager says is a first-of-its-kind approval that could re-jig the plumbing of cash management.