WisdomTree Enables Use of Tokenized Assets for Everyday Payments

A new feature in the WisdomTree Prime digital wallet will allow Visa debit cardholders to use tokenized real-world assets (RWA) from the WisdomTree Government Money Market Digital Fund (WTGXX) for everyday purchases. 

WisdomTree, a leading provider of financial products, announced the launch of Earn-Until-You-Spend, a new feature in its crypto wallet app, WisdomTree Prime. Users will be able to use assets invested in the tokenized on-chain WTGXX fund as a means of payment.  

The assets will continue to generate income until the moment they’re spent. As of October 10, the fund’s weekly yield stands at 4.6%.

Visa will act as the payment provider for the initiative. Debit cardholders will be able to link tokenized fund assets to the WisdomTree Prime app and use them to pay for goods and services. The new feature eliminates the need to convert RWAs into fiat in advance, simplifying and streamlining the process. 

WisdomTree is actively participating in RWA pilot tests. Earlier this year, the investment giant helped Citigroup test the tokenization of private equity funds.