TL;DR
- WisdomTree launches the WisdomTree Connect platform to offer access to real-world assets (RWA) through blockchain.
- The platform allows institutional users to acquire and manage tokenized assets directly from their wallets.
- The tokens will initially be issued on the Ethereum blockchain, with plans to expand compatibility to other networks.
WisdomTree has announced the launch of its WisdomTree Connect platform, designed to offer businesses and institutions access to real-world assets (RWA) through blockchain technology. The company aims to integrate traditional finance with the decentralized ecosystem, allowing a new way to invest in financial products through tokenization.
The platform, which complements the consumer-facing app WisdomTree Prime, allows institutional users to acquire and manage tokenized assets, such as money market funds, directly from their own wallets. The tokens will initially be issued on the Ethereum blockchain, with plans to expand compatibility to other networks in the future.
One of its main features is its ability to solve a crucial problem in the convergence of traditional and decentralized finance. Traditionally, an institution looking to invest in financial products like money market funds would need to convert its cryptocurrencies into fiat money to complete the transaction. The new platform eliminates this complexity by allowing these products to be acquired directly on the blockchain, using stablecoins such as USDC.
Additionally, investors will be able to hold tokenized funds in self-hosted digital wallets or with third-party custodians, providing flexible options depending on their preferences. The platform also offers the ability to transfer tokens between users securely and seamlessly, with transactions available 24 hours a day, seven days a week.
What Products Will WisdomTree Offer?
The first product available on the platform will be the WisdomTree Government Money Market Digital Fund (WTGXX), which will allow users to manage money market assets using blockchain technology. As the platform evolves, it is expected to incorporate more assets and financial products, opening new opportunities for both businesses and consumer-facing platforms.
With this initiative, WisdomTree aims to continue strengthening its leadership in the digital finance sector, expanding its vision of building a future where traditional and decentralized finance are increasingly integrated, providing users with greater accessibility, transparency, and security in their investments
