WisdomTree has announced nine new registered digital funds. Access to these new funds is expected to be via WisdomTree Prime, WisdomTree’s digital wallet application, currently in beta, with its planned public launch for Q1 2023. The digital funds utilize the Stellar blockchain. Each digital fund will invest in traditional assets
According to a blog post by WisdomTree’s Head of Digital Assets, Will Peck, these new funds are designed to provide investors with low-cost investment options across major asset classes.
The digital funds are “open-ended and registered products under the 1940-Act—like traditional mutual funds.”
Peck explains:
“A transfer agent keeps the primary record of share ownership for the funds in its own books-and-records, but, unlike traditional mutual funds, the transfer agent also keeps a secondary record of the shares on either the Stellar or Ethereum blockchains. These funds can provide exposure to a range of investible assets. While the secondary record leverages blockchain infrastructure, unlike many crypto assets, these funds are registered (not bearer) instruments.”
The new funds include:
WisdomTree 3-7 Year Treasury Digital Fund (WTTSX)
WisdomTree 7-10 Year Treasury Digital Fund (WTSTX)
WisdomTree Long Term Treasury Digital Fund (WTLGX)
WisdomTree Floating Rate Treasury Digital Fund (FLTTX)
WisdomTree TIPS Digital Fund (TIPSX)
WisdomTree 500 Digital Fund (SPXUX)
WisdomTree Technology and Innovation 100 Digital Fund (TECHX)
WisdomTree Short-Duration Income Digital Fund (WTSIX)
WisdomTree S&P 500 Twitter Sentiment Digital Fund (TWTRX)
The above new digital funds follow WisdomTree’s first blockchain-enabled fund, The WisdomTree Short-Term Treasury Digital Fund (WTSYX), which became effective in September.
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