#wtgxx

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WisdomTree Tokenized Treasury Fund Joins Stable Sea

WTGXX holds primarily short-term US government securities, including Treasury bills, and is structured as a standard money market fund.

➤ WisdomTree's tokenized US government money market fund (WTGXX) has been integrated into Stable Sea's platform, allowing corporate clients to invest idle cash. ➤ The integration enables businesses to earn yield on excess operating cash and convert it back to stablecoins for liquidity needs, targeting the significant amount of low-yield business cash. ➤ This move signifies a step towards making tokenized Treasuries a default instrument for idle cash in the on-chain space, with other institutions also expanding their tokenized offerings.

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Stable Sea's Tokenized Treasury Play: A Flow Analysis

Stable Sea's Tokenized Treasury Play: A Flow Analysis

➤ Stable Sea has integrated WisdomTree's tokenized Treasury Money Market Digital Fund (WTGXX) into its business finance platform, allowing companies to manage cross-border payments and invest idle cash simultaneously. ➤ The platform targets the significant pool of idle corporate cash ($5 trillion in the U.S.) by offering a streamlined workflow for automatic cash sweeps into WTGXX, which provides a 7-day yield of 3.50%. ➤ Key risks include the lack of FDIC insurance, although institutional-grade custody via BitGo aims to mitigate security concerns, while adoption by businesses is the primary catalyst for capital flow.

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Stable Sea taps WisdomTree to bring tokenized Treasury access to small and medium-sized businesses

“We want to be the default for 'money at rest' within the onchain space,” WisdomTree Head of Digital Assets Will Peck said.

➤ Stable Sea has partnered with WisdomTree to offer its corporate clients access to yield-bearing tokenized U.S. Treasury funds, starting with WisdomTree's WTGXX fund. ➤ This integration allows businesses to deploy idle stablecoin balances into the tokenized money market fund to earn yield, with the ability to swap back to stablecoins for liquidity needs. ➤ The partnership aims to capture a portion of the significant corporate cash currently earning low yields, marking a move towards real-world corporate use cases for tokenized assets.

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WisdomTree Fund Gets SEC Approval To Trade Tokenized Fund 24/7

The 24/7 liquidity model will initially be available to institutional users through WisdomTree's Connect platform, with USDC serving as the settlement asset.

➤ WisdomTree received SEC approval to enable 24/7 trading and instant settlement for its tokenized Treasury money market fund (WTGXX) using a dealer-principal model. ➤ The settlement asset for these institutional trades will be USDC, and the fund, backed by short-term U.S. Treasuries, also features continuous dividend accrual. ➤ This regulatory relief is seen as a major step, preserving money market fund protections while introducing intra-day liquidity, contrasting with traditional T+1/T+2 settlement.

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Lotus Taps WisdomTree Money Market Fund to Build Yield Floor into DeFi Lending

Pre-launch DeFi lending protocol Lotus has announced that WisdomTree's Treasury Money Market Digital Fund (WTGXX) will serve as part of the reserve framework backing LotusUSD, its core vault token.

➤ DeFi lending protocol Lotus is integrating WisdomTree's Treasury Money Market Digital Fund (WTGXX) into its reserve framework for its core vault token, LotusUSD. ➤ This integration aims to provide lenders with a baseline yield even at low utilization, using tokenized short-duration U.S. Treasuries as collateral. ➤ The move highlights the growing trend of connecting regulated financial assets with blockchain infrastructure and addresses structural issues in DeFi lending by offering predictable yield from high-quality collateral.