WisdomTree is extending its tokenization efforts to Solana, adding the blockchain to the list of networks supporting its Real World Asset (RWA) product.
The New York-based asset manager, best known for its exchange-traded funds, said Wednesday that institutional and retail investors will be able to mint, trade and hold its full suite of tokenized funds on Solana via the WisdomTree Connect and WisdomTree Prime platforms.
The move is part of WisdomTree’s broader multi-chain strategy, with the asset manager looking to bring traditional financial products on-chain to meet growing interest in tokenized money market funds, stocks and fixed income products.
“Bringing our full suite of tokenized funds to Solana reflects our continued focus on regulated real-world assets across the entire on-chain ecosystem,” Maredith Hannon, head of digital asset business development at WisdomTree, said in a press release shared with CoinDesk.
Through the integration, WisdomTree’s tokenization products will be available natively on Solana, allowing institutional and retail users to access funds directly on-chain through the company’s stablecoin conversion service.
Institutional clients using WisdomTree Connect will be able to mint, hold and manage tokenized fund positions directly on Solana, while retail users on WisdomTree Prime can add USDC, purchase tokenized funds without exiting traditional banking channels, and keep their investments in self-custodial wallets.
Traditional asset managers are increasingly entering the tokenization space, betting that blockchain-based infrastructure can reduce settlement times, increase accessibility and open up new distribution channels for regulated financial products.
Read more: R3 bets on Solana to bring institutional gains on-chain
