WisdomTree Taps MoonPay for Tokenized Treasury Funds Expansion

WisdomTree and MoonPay have partnered to bring tokenized Treasury funds to retail investors. The partnership, announced on September 17, connects WisdomTree's Treasury Money Market Digital Fund (WTGXX) to MoonPay's distribution network of over 35 million accounts and more than 1,700 partnerships.

WTGXX is a money market mutual fund registered under the Investment Company Act of 1940. It invests exclusively in short-term US Treasury and government securities, targeting a stable net asset value of $1.00 per share.

The fund uses blockchain technology for recordkeeping and represents fund shares as tokens deployed across multiple chains, including Ethereum, Arbitrum, Base, and Avalanche. The expense ratio sits at 0.25%, which is competitive with traditional money market funds that charge between 0.10% and 0.50%

MoonPay's infrastructure is already embedded in wallets, exchanges, and fintech apps used by tens of millions of people. This means a retail investor who might never open a brokerage account can now access a regulated Treasury fund through platforms they already use.