TREE NEWS update: WisdomTree has opened its tokenized money market fund WTGXX to MoonPay’s 35 million accounts, with MoonPay building an access point for the fund and holding it against its stablecoin reserves. The fund runs $1.23 billion, making it the fifth-largest in a $15.4 billion tokenized Treasury market.
WisdomTree Opens Tokenized Treasury Fund to MoonPay’s 35M Accounts
Distribution, not product, is the story here: a tokenized Treasury fund reaching a wallet-scale user base signals that the bottleneck for RWA growth is access rather than issuance. MoonPay holding the fund against its stablecoin reserves also blurs the line between payments float and yield-bearing collateral, a structure worth watching as stablecoin reserve rules tighten. The open question is whether other wallets and payment firms copy the model, which would push tokenized Treasuries further toward becoming default cash infrastructure rather than a niche product.
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