The U.S. Securities and Exchange Commission has approved intraday trading for WisdomTree’s tokenized money market fund, marking the first time a regulated fund issues blockchain-based shares with minute-level liquidity. Investors can now buy and sell the tokenized fund directly on a regulated exchange during market hours at the fund’s real-time net asset value.

Shares of the tokenized money market fund are issued as digital tokens on a public blockchain infrastructure, enabling continuous pricing at NAV and eliminating the typical T+1 settlement lag. Smart contracts automate dividend distributions and redemptions within minutes, streamlining operations compared with traditional money market funds.

This landmark approval positions WisdomTree at the forefront of tokenized asset innovation, potentially drawing investors seeking enhanced liquidity and transparency. Major asset managers are expected to accelerate their own tokenization initiatives to compete in the expanding digital fund landscape.