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Key NotesThe asset manager now enables minting of all its tokenized investment products directly on Solana’s network.Users can convert between USDC and PYUSD stablecoins while maintaining full on-chain custody of their assets.WisdomTree’s stock surged to decade highs following the announcement despite recent XRP ETF cancellation setback.
WisdomTree, a global fintech assets manager and ETF/ETP sponsor, has launched its full suite of tokenized fund products on the Solana blockchain.
According to a Jan. 28 press release, WisdomTree Connect and WisdomTree Prime users can now access tokenized funds including money market, equities, fixed income, alternatives, and asset allocation funds on the Solana blockchain directly and via WisdomTree’s stablecoin USDC and PYUSD conversion service.
The expansion to Solana will allow all existing WisdomTree tokenized funds to be minted directly on Solana. According to WisdomTree, this brings full ecosystem support to the Solana blockchain including minting via its B2B/B2B2C tokenization platform and the use of its stablecoin conversion service for subscriptions and redemptions.
Retail investors and Wisdom Prime users will have full on-ramp access to move USDC directly from Solana into the WisdomTree Prime app, keeping funds entirely onchain. This enables seamless investing with near-zero network fees and provides full self-custody support through
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