The post WisdomTree introduces the crypto debit card for tokenized funds appeared on BitcoinEthereumNews.com.

On October 9, 2024, WisdomTree introduced the possibility for holders of its crypto debit card to spend directly from their tokenized money funds, particularly from the WisdomTree Government Money Market Digital Fund (WTGXX). This fund is an on-chain tokenized asset, meaning it is based on blockchain technology, representing a digital form of a traditional money market fund. The WisdomTree debit card: a bridge between traditional and crypto The WisdomTree Government Money Market Digital Fund (WTGXX) is a tokenized money market fund that represents an innovation in the world of investments. The concept of tokenization involves creating a digital representation of a traditional financial asset on a blockchain.  In this case, WisdomTree has created a fund that primarily invests in short-term U.S. government securities, offering stability and liquidity similar to traditional money market funds, but with the transparency and security of blockchain. This approach combines the best of both worlds: the security and trust offered by investments in government bonds and the innovation and efficiency of criptovalute. WisdomTree’s goal is to simplify access to money funds for consumers, making it possible to use these digital assets directly for everyday payments. The real novelty of WisdomTree’s announcement is that, starting from October, holders of the WisdomTree Visa debit card can spend directly from the WTGXX fund. This move allows investors to use their tokenized assets as if they were cash, paying for everyday goods and services with their debit card. The integration of the WisdomTree Government Money Market Digital Fund with the debit card offers a new form of liquidity to investors, who can access their funds without having to first convert them into traditional fiat currency. In other words, it is possible to spend directly from investments, eliminating the intermediate steps and simplifying the use of digital assets in daily life.…

---

Filed under: News - @ October 10, 2024 7:23 am