The first one: Last week, WisdomTree received SEC exemptive relief from the forward pricing rule, the regulation that requires all U.S. mutual fund orders to be executed at the daily NAV strike. The exemption allows WisdomTree’s broker-dealer to trade its tokenized government money market fund 24/7 at a fixed $1 price on the secondary market. It’s the first relief of its kind.
Why it matters: The forward pricing rule has been a key structural barrier preventing U.S. mutual funds from offering continuous trading. With this exemption, the fund delivers real-time execution, T+0 settlement, and yield that accrues in proportion to how long you hold it.
“DeFi markets demand exactly what we now have: 24/7 liquidity and continuous accrual. Getting this exemption is a foundational piece to be in place for our work in DeFi integrations,” explained Maredith Hannon, Head of Business Development Digital Assets at WisdomTree.
Interview: In our conversation, Hannon breaks down why this exemption matters for connecting traditional financial infrastructure with onchain markets, how the fund operates in practice, how yield is distributed to investors, and where integration efforts with DeFi protocols are headed next.
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