Wu says that according to an announcement from the U.S. Securities and Exchange Commission (SEC), its Investment Management Division has issued an exemption order to WisdomTree's Treasury Money Market Digital Fund, allowing investors to continuously buy and sell shares of the money market fund at a price of $1 through a broker-dealer during the trading day, without being restricted by the net asset value at the close of the day. The fund issues tokenized shares on the blockchain, and this exemption also allows for faster settlement of the tokenized shares.
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Wu says that according to an announcement from the U.S. Securities and Exchange Commission (SEC), its Investment Management Division has issued an exemption order to WisdomTree's Treasury Money Market Digital Fund, allowing investors to continuously buy and sell shares of the money market fund at a price of $1 through a broker-dealer during the trading day, without being restricted by the net asset value at the close of the day. The fund issues tokenized shares on the blockchain, and this exemption also allows for faster settlement of the tokenized shares.