SEC and FINRA permit 24/7 trading and instant settlement for tokenized funds, expanding market access. Applies to WisdomTree Treasury Money Market Digital Fund, expanding market access for investors. Enables continuous market access for investors, improving liquidity and trading efficiency. Enhances liquidity and transparency of tokenized assets, fostering confidence among participants. Sets regulatory precedent for other tokenized funds, guiding future compliance.

Article Summaries:

  • The Securities and Exchange Commission, together with FINRA, has granted an exemptive relief to WisdomTree, allowing its Treasury Money Market Digital Fund to trade 24/7 and settle instantly. This regulatory approval permits the tokenized shares of the fund to be bought and sold continuously, outside traditional market hours, and to clear transactions immediately. The move is intended to enhance liquidity and operational efficiency for the fund’s digital securities. It also represents a significant step for tokenized mutual funds, potentially setting a precedent for similar products seeking continuous trading and settlement rights.

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