WisdomTree Expands Tokenized Funds to Five Additional Blockchains
WisdomTree has broadened its institutional tokenized funds solution to five more blockchain networks. Initially launched on Ethereum (ETH) in September 2024, WisdomTree Connect now includes Arbitrum, Avalanche, Base, and Optimism.
This move aims to tap into the growing tokenization market. The platform now supports 13 tokenized funds across these networks. These funds cover money market, asset allocation, and equity index options. The WisdomTree Government money Market Digital fund (WTGXX) offers exposure to short-term government securities. The WisdomTree 500 Digital Fund and Technology & Innovation 100 Digital Fund track leading stock market indices.
Meredith Hannon,WisdomTree’s head of digital assets,says this expansion provides more choices for investors. The company’s suite includes money market and equity index funds. The goal is to attract more assets under management.
Investors can access these funds directly on the supported blockchains.The platform integrates with self-custodial wallets and major third-party wallets. This flexibility is key for adoption.
WisdomTree’s tokenized funds are gaining traction. Major players like BlackRock and Fidelity Investments are also expanding in this space.
Platforms like ONDO Finance, MANTRA, and Injective are also seeing growth. ONDO Finance uses WisdomTree’s money market fund to collateralize its tokenized asset, OUSG. It also invests in BlackRock’s and Franklin Templeton’s tokenized funds.
