|˙꒳˙) Maybe I'll buy XLM
The U.S. Securities and Exchange Commission (SEC) has officially announced that it has granted a special exemption allowing asset management firm WisdomTree to operate its digital fund under unique trading rules.
The specific details are as follows:
Key Points Explained
✅ Fund in Scope
• The fund in question is the “WisdomTree Treasury Money Market Digital Fund.”
• This is a **money market fund (MMF) that issues tokenized shares (beneficiary securities) on a blockchain**.
✅ What Has Been Approved?
• Typically, investment funds such as MMFs trade based on their net asset value (NAV), calculated only once at the end of each trading day.
• Under this new exemption, investors can now buy and sell shares directly with dealers at any time during the day at a fixed price of **$1 per share**, without waiting for the end-of-day NAV calculation (permitting secondary trading on the secondary market).
✅ What Are the Benefits?
• By leveraging blockchain technology, settlement times are significantly faster than those of traditional investment funds.
• Continuous trading during market hours enhances liquidity (ease of conversion to cash).
----
In short:
This is an important development—regulatory relief has been granted to enable a new type of blockchain-based investment fund (digital MMF) to trade more **rapidly** and **flexibly** (with intraday trading), free from traditional constraints.