WisdomTree Launches a Debit Card Linked to its Onchain Money Fund
WisdomTree has announced that it will allow debit card holders to make direct purchases using its tokenized onchain money fund.
This new feature, which was introduced on October 9, adds WisdomTree Government Money Market Digital Fund (WTGXX) to the list of available funding sources for its WisdomTree-branded Visa debit card.
Will Peck, WisdomTree’s head of digital assets, explained that users can now connect a yield-earning asset directly to their spending functionality within the app.
This means that the funding mechanism can potentially earn yield every day through a WTGXX investment until it is sold for spending purposes.
The WTGXX fund is a tokenized real-world asset (RWA) fund that includes highly liquid assets such as United States Treasury bills. As of October 9th, it yields approximately 4.6%, according to WisdomTree.