WisdomTree expands tokenized fund access to Solana in multichain push
WisdomTree is increasing its tokenization efforts to Solana, including the blockchain to the listing of networks supporting its real-world asset (RWA) merchandise.
The New York–primarily based asset supervisor, finest recognized for its exchange-traded funds, stated Wednesday that each institutional and retail traders will have the ability to mint, commerce and maintain its full suite of tokenized funds on Solana by way of the WisdomTree Join and WisdomTree Prime platforms.
The transfer is a part of WisdomTree’s broader multichain technique and comes as asset managers look to convey conventional monetary merchandise onchain to fulfill rising curiosity in tokenized cash market funds, equities and fixed-income merchandise.
“Bringing our full suite of tokenized funds to Solana displays our continued give attention to regulated real-world belongings throughout the onchain ecosystem,” stated Maredith Hannon, head of enterprise improvement for digital belongings at WisdomTree, in a press launch shared with CoinDesk.
With the mixing, WisdomTree’s tokenized choices shall be accessible natively on Solana, permitting institutional and retail customers to entry the funds immediately onchain and thru the agency’s stablecoin conversion providers.
Institutional shoppers utilizing WisdomTree Join will have the ability to mint, maintain and handle tokenized fund positions immediately on Solana, whereas retail customers on WisdomTree Prime can add USDC, buy tokenized funds with out exiting to conventional banking rails, and maintain their investments in self-custody wallets.
Conventional asset managers have more and more entered the tokenization house, betting that blockchain-based infrastructure can scale back settlement instances, enhance accessibility and unlock new distribution channels for regulated monetary merchandise.
Learn extra: R3 bets on Solana to convey institutional yield onchain
