WisdomTree and MoonPay Partner to Broaden Access to Tokenized Treasury Fund
MoonPay to integrate $1.2B tokenized fund into stablecoin reserves while expanding US investor access.
1Strategic partnership formed
WisdomTree and MoonPay announced a collaboration to increase US investor access to WisdomTree's tokenized Treasury money market fund (WTGXX). MoonPay will also utilize the $1.2 billion fund as part of its stablecoin reserve management. The partnership leverages MoonPay's existing network of over 35 million accounts to distribute the fund more widely.
2Fund structure and mechanics
WTGXX is a tokenized money market mutual fund maintaining a stable $1 share price. The fund represents ownership in short-term US Treasury securities and high-quality liquid assets. Tokenization allows for fractional ownership and blockchain-based transferability while maintaining the fund's regulatory compliance as a traditional money market instrument.
3MoonPay's stablecoin operations
MoonPay launched its enterprise stablecoin business in November 2025, issuing dollar-denominated stablecoins across multiple blockchains. These stablecoins are backed by USD and other liquid assets held in segregated accounts. The addition of WTGXX to its reserve management stack provides another layer of Treasury-backed stability to its offerings.
4Tokenized Treasury market growth
The tokenized US Treasury market currently stands at $15.4 billion, with WTGXX accounting for $1.23 billion of that total. In the past 30 days, WTGXX saw $466 million in net flows (difference between tokens minted and burned). Only one other tokenized Treasuries fund (Ondo USDY) showed positive flows during this period at $66 million.
5Technology integration points
MoonPay will provide the technological infrastructure to create new access points for WTGXX. As a fiat-to-crypto gateway provider, MoonPay's existing compliance frameworks and payment rails can facilitate easier onboarding for traditional investors seeking exposure to tokenized Treasury products while maintaining regulatory requirements.
6Potential market expansion
WisdomTree indicated the partnership could expand to additional tokenized funds and potentially into markets outside the US. The asset manager oversees $176.7 billion in assets, suggesting significant capacity for further tokenization initiatives. This move aligns with growing institutional interest in blockchain-based traditional finance products.
7Competitive landscape
The tokenized Treasury space remains relatively concentrated, with WTGXX being the second-largest fund by assets. The positive net flows suggest strong market demand despite recent market volatility. WisdomTree's partnership with an established fintech like MoonPay could accelerate adoption among retail and institutional investors alike.
8Regulatory considerations
The collaboration demonstrates how traditional financial products can integrate with blockchain infrastructure while operating within existing regulatory frameworks. By maintaining the fund's $1 NAV structure and working with compliant partners, WisdomTree bridges traditional finance with emerging digital asset ecosystems in a measured approach.