BitGo Adds WisdomTree’s Tokenized Treasury Fund to BitGo…
By Rick Steves
AI summary of the source article
BitGo Bank & Trust plans to integrate WisdomTree's tokenized Treasury Money Market Digital Fund (WTGXX) into BitGo Mint, enabling institutional clients to access the fund within BitGo's custody and settlement platform.
Why it matters
WisdomTree's Will Peck stated the goal is to make institutional cash more productive without making it less available, allowing clients to access Treasury yield, maintain operational liquidity, and potentially use holdings as collateral.
Key facts
- BitGo Bank & Trust will integrate WisdomTree's WTGXX fund into BitGo Mint, allowing eligible institutions to subscribe, redeem, and transfer fund interests.
- Clients will be able to transfer beneficial interests peer-to-peer using BitGo's Go Network without onboarding separately with WisdomTree.
- The integration supports movement among U.S. dollars, supported stablecoins, and fund shares, though a live launch date was not specified.
Source excerpt · FinanceFeeds
Eligible institutional clients will be able to subscribe to, redeem and transfer interests in WTGXX within BitGo’s custody and settlement environment. BitGo Bank & Trust plans to integrate WisdomTree Treasury Money Market Digital Fund, ticker WTGXX, into BitGo Mint, giving eligible institutional clients access to a tokenized government money market fund through the digital-asset platform. Customer…