WisdomTree Prime® Unveils New Earn-Until-You-Spend Functionality with Money Market Fund
Enables the linking of yield-bearing investment to
While, traditionally, a low to no yield checking account is used to fund debit card spend, WisdomTree Prime users can now tap their yield bearing money market fund balances to fund debit card spending1. WTGXX investors can earn income, with a current 7-day yield of 4.60%2 until the WTGXX shares are sold to fund spending, strengthening the connection between spending and yield-bearing investments.
WisdomTree Prime connects a liquid on-chain investment to spending capabilities, which unlocks utility of real world asset (RWA) tokenization in a new, unique way for eligible customers. Consumers can get the potential benefits of their own cash via an investment in WTGXX, all within WisdomTree Prime’s modern platform that integrates saving, spending and investing to offer greater control and choice in their financial lives.
“The purpose of WisdomTree Prime from its genesis has always been to empower consumers with choice. In this case, rolling out the capability to link our money market
Additional products and capabilities are scheduled to become available within the app on a rolling basis.
For more information on the WisdomTree Prime Visa® Debit Card available through WisdomTree Prime, please visit wisdomtreeprime.com. WisdomTree Prime is currently available in the
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1
While WTGXX is a money market fund registered with the |
2 7-day yield as of 10/7/2024. Performance data shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than that quoted. The 7-day yield quotation more closely reflects the current earnings of WTGXX than the total return. Performance data for the most recent month-end is available at wisdomtree.com/investments . |
About WisdomTree
WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models, solutions and products leveraging blockchain technology. We empower investors and consumers to shape their future and support financial professionals to better serve their clients and grow their businesses. WisdomTree is leveraging the latest financial infrastructure to create products that provide access, transparency and an enhanced user experience. Building on our heritage of innovation, we are also developing and have launched next-generation digital products, services and structures, including digital or blockchain-enabled mutual funds and tokenized assets, as well as our blockchain-native digital wallet, WisdomTree Prime® and institutional platform, WisdomTree Connect™.*
*The WisdomTree Prime digital wallet and digital asset services and WisdomTree Connect institutional platform are made available through
WisdomTree currently has approximately
For more information about WisdomTree and WisdomTree Prime, visit: https://www.wisdomtree.com.
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WisdomTree® is the marketing name for
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY
The products and services available through the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.
The WisdomTree Government Money Market Digital Fund’s (the “Fund”) yield may be affected by changes in interest rates and changes in credit ratings. The 7-Day Yield is based on the average income return over the previous seven days, assuming the rate stays the same for one year.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. To obtain a prospectus containing this and other important information, visit WisdomTree.com/investments . Read it carefully.
Blockchain technology is a relatively new and untested technology, with little regulation. Potential risks include vulnerability to fraud, theft, or inaccessibility, and future regulatory developments affect its viability. Cybersecurity attacks affecting third-party service providers, App, blockchain network, or assets may subject the products and services available in the App to many of the same risks associated with direct cybersecurity breaches.
The Fund is distributed by
The WisdomTree Prime Visa Debit Card is issued by
References to “save” generally refers to a user’s ability to select one or more highly liquid, relatively low risk cash management solutions and references to “spend” generally refers to a user’s ability to designate one or more digital asset(s) and/or other assets to be sold, or to sell one or more digital asset(s) with near instant settlement, to fund a debit card purchase on settlement. Spending and making purchases require actions to be taken in the discretion of the user which require user actions outside of the domain or functionality of the app and which rely on third parties, including third parties for which the user will need to have a separate relationship.
Category: Business Update
View source version on businesswire.com: https://www.businesswire.com/news/home/20241009422564/en/
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