The US Securities and Exchange Commission (SEC) has approved WisdomTree’s nine blockchain-enabled funds.
According to the official press release, the new digital funds will reflect different exposures, with each of them investing in traditional assets, but will not track crypto assets. However, the firm will leverage Stellar or Ethereum blockchains as a secondary record of share ownership, with official ownership records maintained by the digital funds’ transfer agent.
With the new product, the asset manager aims to bring fixed income, equities, and commodities into the digital world through funds and tokenized exposures with the new product.
Will Peck, WisdomTree Head of Digital Assets, believes that the latest offering will exhibit the type of “curated experience” that the $82 billion asset manager expect to provide its Prime users by bringing mainstream assets into the digital ecosystem.
“We believe that blockchain-enabled finance has the potential to improve the investor
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