Solana Expands Tokenization Ecosystem With WisdomTree

0 Reading time: 3 min. okasks_editor

Another major project related to the tokenization of real-world assets has appeared in the Solana ecosystem. WisdomTree has added network support and launched its regulated on-chain funds there.

The company announced the launch on January 28. Tokenized investment products from WisdomTree became available on the Solana network through the WisdomTree Connect and WisdomTree Prime platforms. Both institutional investors and retail users now have access. WisdomTree itself is traded on the New York Stock Exchange.

Tokenized funds from WisdomTree in various categories have appeared on Solana. The list includes money market, equities, fixed income instruments, and alternative strategies.

What the WisdomTree and Solana Integration Provides

All tokenized funds from WisdomTree are now issued directly on the Solana network. Blockchain support has been added to the WisdomTree Connect platform, which the company uses for tokenization.

Institutional clients can now work with funds directly on the Solana network. They can purchase fund shares and manage them without using third-party infrastructure.

See also: Chainlink Loses Key Support and Remains Under Pressure

Users of WisdomTree Prime also gained access to regulated tokenized funds with yields. All operations are conducted in an on-chain environment.

Funds are purchased in US dollars via USDC on the Solana network. The built-in stablecoin conversion service from WisdomTree is used for this. After purchase, funds can be withdrawn to personal wallets and used in Solana ecosystem applications.

Head of Institutional Growth at Solana Foundation Nick Ducoff noted:

‘As the volume of tokenized real-world assets on the Solana network surpassed $1 billion, WisdomTree’s decision to expand its full lineup of tokenized funds to Solana reflects the growing demand for access to RWA and the network’s ability to support this demand at scale.’

He also added:

‘This launch highlights the increasingly important role of regulated asset managers in shaping the future of on-chain finance.’

Head of Digital Assets Business Development at WisdomTree Meredith Hannon stated:

‘Solana gives us the speed that is important for a large number of transactions. This helps us meet the growing demand from users who are already accustomed to crypto. At the same time, we remain within the requirements expected by institutional investors. As a result, both large and retail clients get more convenient access to tokenized funds via blockchain.’

As tokenization moves from pilot projects to full-scale real-time use, Solana’s expanding list of partners points to the network’s ambition to become the foundational layer for regulated assets in the digital economy.

Comments (0)

News about digital currencies, fintech trends and financial innovations

CoinSpot.io - the largest Runet resource about digital currencies, fintech trends and financial innovations. We talk about technologies, startups and entrepreneurs shaping the face of the financial world. Venture investments, p2p and digital technologies, cryptocurrencies, analytics and reviews - everything you need to know to stay in trend and earn.

Full or partial use of site materials is allowed only with the written permission of the editorial office, and a link to the source is mandatory!

Subscribe to email updates about new articles and important news from Coinspot.io