Wall Street Giant WisdomTree Makes a Huge Altcoin Move!

WisdomTree, a New York-based company managing over $100 billion in assets, announced it is expanding its tokenization efforts by adding the Solana (SOL) blockchain to its list of networks supporting real-world asset (RWA) products.

In its official statement, the company said that both institutional and individual investors can issue, trade, and hold tokenized funds on Solana through WisdomTree Connect and WisdomTree Prime.

All of the company’s tokenized funds, including money market, equity, fixed income, alternative investment, and asset allocation funds, are now tradable on Solana. With this move, WisdomTree customers will have direct access to a variety of money market, equity, bond, and alternative investment funds through Solana.

Additionally, customers will be able to exchange USDC and PYUSD for WisdomTree’s stablecoins.

Maredith Hannon, Head of Digital Assets Business Development at WisdomTree, said, “Bringing all of our tokenized funds to Solana reflects our continued focus on regulated real-world assets within an on-chain ecosystem. Solana’s infrastructure, focused on high transaction speeds, allows us to meet the growing demand for cryptocurrencies while maintaining the regulatory standards expected by institutions, and provides both institutional and individual investors with smoother, on-chain access to tokenized funds.”

WisdomTree currently has various tokenized funds on the Ethereum (ETH), Arbitrum (ARB), Avalanche (AVAX), Base, and Optimism (OP) networks.

*This is not investment advice.