WisdomTree opens $1.2B tokenized fund inside MoonPay's crypto app
What's the deal? WisdomTreeDealroom has a profile for this one. Try Dealroom → and MoonPay have opened the $1.2 billion WisdomTree Tokenized Fund to MoonPay's users, per The DefiantDealroom has a profile for this one. Try Dealroom →. The move puts a money market product inside a crypto app, with WisdomTree's WTGXX fund available to buy through MoonPay.
The details: The fund holds $1.23 billion in US Treasury bills and maintains US$0.65 share price, per the September 17 announcement. MoonPay will use the fund as part of its stablecoin reserve stack, per KuCoin.
Why now? The deal lands as traditional finance moves onto crypto rails rather than watching from the sidelines. It marks the first time a money market product has sat inside a crypto app, offered directly to MoonPay's user base.
The signal: The news signals that established capital is building on the same infrastructure crypto uses, not just buying coins. ETH and BNB both rose on the announcement, though neither gained more than 6% — a reminder that the story here is plumbing, not price.
Read more: openpr.com
Image credit: Artem Beliaikin
