WisdomTree has revealed plans to broaden its institutional tokenized funds solution across five additional blockchains.
The asset management company, which first introduced its WisdomTree Connect on Ethereum (ETH), is now aiming to enhance its footprint in the rapidly evolving tokenization market by launching on four more blockchain platforms.
WisdomTree Connect went live in September 2024.
In addition to Ethereum, the firm’s portfolio of 13 tokenized funds will now also be accessible on Arbitrum, Avalanche, Base, and Optimism.
This achievement could significantly boost WisdomTree’s assets under management.
At present, WisdomTree Connect provides access to tokenized money market funds, equity index funds, and asset allocation funds. Its money market offering, the WisdomTree Government Money Market Digital Fund (ticker: WTGXX), grants eligible investors exposure to short-term government securities.
Furthermore, the equity index funds, such as the WisdomTree 500 Digital Fund and the WisdomTree Technology & Innovation 100 Digital Fund, allow institutional investors to explore investment opportunities that track leading indices in the stock market.
Integrating support for new blockchain networks strengthens this perspective, with flexibility being crucial for adoption.
Hannon mentioned that users can interact with WisdomTree’s tokens directly on the supported blockchains, and that the platform is compatible with self-custodial wallets.
The company also accommodates major third-party wallets.
WisdomTree is witnessing significant interest in its real-world assets offerings as major entities like BlackRock and Fidelity Investments rapidly expand in the sector. Similar trends are apparent in blockchain-based platforms such as ONDO Finance, MANTRA, and Injective.
Ondo Finance utilizes WisdomTree’s money market fund to collateralize its tokenized asset OUSG and also invests in the tokenized funds from BlackRock and Franklin Templeton.