Solana welcomes WisdomTree ecosystem in tokenization move

Solana is gaining different foothold successful the fast-growing marketplace for tokenized real-world assets, arsenic WisdomTree expands its suite of regulated on-chain funds to the high-speed blockchain.

WisdomTree, a New York Stock Exchange–listed plus manager, announced connected Jan. 28 that it has integrated Solana arsenic a supported blockchain web for its tokenized concern products, giving some organization and retail investors autochthonal entree to its funds done the WisdomTree Connect™ and WisdomTree Prime® platforms.

Related: What is tokenization? Explained

The enlargement makes WisdomTree’s afloat lineup of tokenized funds—spanning wealth markets, equities, fixed income, alternatives, and plus allocation strategies—accessible to WisdomTree Connect and WisdomTree Prime users on the Solana network. Users tin besides use WisdomTree’s stablecoin conversion service, USDC and PYUSD.

For Solana, the integration underscores the network’s increasing relation arsenic a venue for real-world plus tokenization, an country that has drawn expanding involvement from plus managers seeking faster settlement, little costs and programmable fiscal rails.

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Here is what the collaboration means for WisdomTree Connect.

All existing WisdomTree tokenized funds tin beryllium minted straight connected Solana. The blockchain is supported wrong the WisdomTree Connect B2B/B2B2C tokenization platform, including WisdomTree’s stablecoin conversion service. In addition, organization clients tin purchase, hold, and negociate tokenized money positions straight connected Solana.

As acold as WisdomTree Prime users are concerned, they tin access regulated, yield-generating WisdomTree tokenized funds portion remaining wholly onchain arsenic per the nonstop on-ramp service.

Users tin buy WisdomTree tokenized funds utilizing USD sourced via USDC straight from Solana via WisdomTree’s stablecoin conversion service. WisdomTree Prime users tin besides off-ramp WisdomTree tokenized money holdings to self-custody wallets connected Solana and adjacent interact with Solana-native apps and protocols.

Solana Foundation's caput of organization growth, Nick Ducoff, said, “As existent satellite assets connected Solana surpass $1B, WisdomTree’s determination to grow their afloat suite of tokenized funds to Solana reflects the request for expanded entree to tokenized RWAs and Solana’s quality to enactment that request astatine scale."