The SEC has OK’d nine more WisdomTree blockchain-enabled funds as the asset manager gets set to roll them out on its mobile app in the coming months.
WisdomTree’s funds are the latest step toward the asset manager’s goal to bring fixed income, equities, and commodities into the digital world through funds and tokenized exposures.
The new products do not invest in crypto. However, the funds’ transfer agent, Securrency Transfers, maintains a secondary record of share ownership on the Stellar or Ethereum blockchains — hence “blockchain-enabled.” Securrency keeps the primary record of share ownership for the funds in “its own books-and-records,” a spokesperson told Blockworks.
