WisdomTree, MoonPay Expand Access to Tokenized Fund

WisdomTree and MoonPay are teaming up to widen U.S. access to a tokenized money market fund, a sign that regulated on-chain cash products are moving deeper into mainstream crypto infrastructure.

MoonPay said it plans to use WisdomTree’s WTGXX tokenized fund, which has about $1.2 billion in assets, as part of its stablecoin reserves. The arrangement links a consumer-facing crypto payments company with a traditional asset manager offering a blockchain-based cash equivalent.

The partnership reflects a broader push by digital asset firms to hold reserves in instruments that can offer liquidity, yield and operational efficiency while remaining closer to the on-chain economy than conventional bank deposits or short-duration funds held off-chain.

For WisdomTree, the deal extends distribution for a tokenized fund that is designed to give investors exposure to a money market-style product through blockchain rails. For MoonPay, it adds a regulated reserve option at a time when stablecoin issuers and related businesses are under pressure to demonstrate stronger asset management and transparency.

The announcement also fits into a growing market trend: tokenized real-world assets are increasingly being used not only as investment products, but also as treasury and reserve tools for crypto-native firms. That use case may help support adoption if institutions continue to favor instruments that settle quickly and can be integrated into digital asset workflows.

Still, the market impact is likely to be measured rather than immediate. Tokenized money market funds remain a niche segment relative to the broader stablecoin market, and adoption will depend on regulatory clarity, custody standards and the depth of secondary market support.