Enables the linking of yield-bearing investment
to WisdomTree Prime Visa® Debit Card
WisdomTree, Inc. (NYSE: WT), a global financial innovator, today
announced the ability for users to select the WisdomTree Government
Money Market Digital Fund (WTGXX) as a spending source for their
WisdomTree Prime Visa® Debit Card.
While, traditionally, a low to no yield checking account is used
to fund debit card spend, WisdomTree Prime users can now tap their
yield bearing money market fund balances to fund debit card
spending1. WTGXX investors can earn income, with a current 7-day
yield of 4.60%2 until the WTGXX shares are sold to fund spending,
strengthening the connection between spending and yield-bearing
investments.
WisdomTree Prime connects a liquid on-chain investment to
spending capabilities, which unlocks utility of real world asset
(RWA) tokenization in a new, unique way for eligible customers.
Consumers can get the potential benefits of their own cash via an
investment in WTGXX, all within WisdomTree Prime’s modern platform
that integrates saving, spending and investing to offer greater
control and choice in their financial lives.
“The purpose of WisdomTree Prime from its genesis has always
been to empower consumers with choice. In this case, rolling out
the capability to link our money market Digital Fund to our debit
card gives users choice in how they put their money to work,” said
Will Peck, Head of Digital Assets at WisdomTree. “We all have a
traditional checking account that generally isn’t doing us any
favors. By connecting a yield-earning asset directly to our
spending functionality, users can fund their daily purchases all
within the app with the funding mechanism potentially earning yield
every single day via a WTGXX investment until the investment is
sold to facilitate spending.”
Additional products and capabilities are scheduled to become
available within the app on a rolling basis.
For more information on the WisdomTree Prime Visa® Debit Card
available through WisdomTree Prime, please visit
wisdomtreeprime.com. WisdomTree Prime is currently available in the
Apple App Store and Google Play across 45 states in the U.S.
_____________________________
1 While WTGXX is a money market fund
registered with the U.S. Securities and Exchange Commission
(“SEC”), it is not insured by the FDIC similar to funds held in
traditional checking account available through a U.S. regulated
bank, not deposits or other obligations of the institution and are
not guaranteed by a U.S. regulated bank and are subject to
investment risks. WTGXX is required by SEC regulations to invest in
relatively lower-risk investments, with the objective of a high
level of current income consistent with the preservation of
capital.
2 7-day yield as of 10/7/2024. Performance
data shown represents past performance and is no guarantee of
future results. Current performance may be higher or lower than
that quoted. The 7-day yield quotation more closely reflects the
current earnings of WTGXX than the total return. Performance data
for the most recent month-end is available at
wisdomtree.com/investments.
About WisdomTree
WisdomTree is a global financial innovator, offering a
well-diversified suite of exchange-traded products (ETPs), models,
solutions and products leveraging blockchain technology. We empower
investors and consumers to shape their future and support financial
professionals to better serve their clients and grow their
businesses. WisdomTree is leveraging the latest financial
infrastructure to create products that provide access, transparency
and an enhanced user experience. Building on our heritage of
innovation, we are also developing and have launched
next-generation digital products, services and structures,
including digital or blockchain-enabled mutual funds and tokenized
assets, as well as our blockchain-native digital wallet, WisdomTree
Prime® and institutional platform, WisdomTree Connect™.*
*The WisdomTree Prime digital wallet and digital asset services
and WisdomTree Connect institutional platform are made available
through WisdomTree Digital Movement, Inc., a federally registered
money services business, state-licensed money transmitter and
financial technology company (NMLS ID: 2372500) or WisdomTree
Digital Trust Company, LLC, in select U.S. jurisdictions and may be
limited where prohibited by law. WisdomTree Digital Trust Company,
LLC is chartered as a limited purpose trust company by the New York
State Department of Financial Services to engage in virtual
currency business. Visit https://www.wisdomtreeprime.com, the
WisdomTree Prime mobile app or https://www.wisdomtreeconnect.com
for more information.
WisdomTree currently has approximately $112.3 billion in assets
under management globally.
For more information about WisdomTree and WisdomTree Prime,
visit: https://www.wisdomtree.com.
Please visit us on X at @WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its
subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY
LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT
AGENCY
The products and services available through the WisdomTree Prime
app are not endorsed, indemnified or guaranteed by any regulatory
agency.
The WisdomTree Government Money Market Digital Fund’s (the
“Fund”) yield may be affected by changes in interest rates and
changes in credit ratings. The 7-Day Yield is based on the average
income return over the previous seven days, assuming the rate stays
the same for one year.
You could lose money by investing in the Fund. Although the
Fund seeks to preserve the value of your investment at $1.00 per
share, it cannot guarantee it will do so. An investment in the Fund
is not a bank account and is not insured or guaranteed by the
Federal Deposit Insurance Corporation or any other government
agency. The Fund’s advisor is not required to reimburse the Fund
for losses, and you should not expect that the advisor will provide
financial support to the Fund at any time, including during periods
of market stress.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Fund before
investing. To obtain a prospectus containing this and other
important information, visit
WisdomTree.com/investments. Read it carefully.
Blockchain technology is a relatively new and untested
technology, with little regulation. Potential risks include
vulnerability to fraud, theft, or inaccessibility, and future
regulatory developments affect its viability. Cybersecurity attacks
affecting third-party service providers, App, blockchain network,
or assets may subject the products and services available in the
App to many of the same risks associated with direct cybersecurity
breaches.
The Fund is distributed by Foreside Fund services, LLC. Through
the App, Fund investors may purchase, hold, sell, or transfer their
shares. WisdomTree Securities, Inc. facilitates the ability for
Fund investors on an “application-way” basis to purchase or sell
Fund shares through the App. Foreside is not affiliated with
WisdomTree, WisdomTree Securities, Inc., WisdomTree Prime,
WisdomTree Digital Trust nor any other entity or products mentioned
in this ad. Transactions in WisdomTree Digital mutual funds are
facilitated exclusively by WisdomTree Securities, Inc.
The WisdomTree Prime Visa Debit Card is issued by Stride Bank,
N.A. Member FDIC, pursuant to a license from Visa USA Inc.
Applicable taxes may apply in connection with each transaction made
using the WisdomTree Prime Visa Debit Card. To the extent a Debit
Card holder selects the Fund as the funding mechanism for a Debit
Card transaction and thereafter uses the Debit Card for a
transaction, the Debit Card holder, as a Fund investor, is
authorizing (instructing) the redemption of Fund shares for the
equivalent U.S. Dollar amount sufficient to fund the Debit Card
transaction in U.S. Dollars at settlement, and any related fees and
charges per applicable account and user agreements, and the
transfer of such funds as necessary for Debit Card transaction
settlement.
References to “save” generally refers to a user’s ability to
select one or more highly liquid, relatively low risk cash
management solutions and references to “spend” generally refers to
a user’s ability to designate one or more digital asset(s) and/or
other assets to be sold, or to sell one or more digital asset(s)
with near instant settlement, to fund a debit card purchase on
settlement. Spending and making purchases require actions to be
taken in the discretion of the user which require user actions
outside of the domain or functionality of the app and which rely on
third parties, including third parties for which the user will need
to have a separate relationship.
Category: Business Update
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241009422564/en/
Media Relations WisdomTree, Inc. Sarah Richter +1.917.267.3798
wisdomtree@fullyvested.com
Investor Relations WisdomTree, Inc. Jeremy Campbell
+1.917.267.3859 Jeremy.campbell@wisdomtree.com
WisdomTree (NYSE:WT)
過去 株価チャート
から 11 2024 まで 12 2024
WisdomTree (NYSE:WT)
過去 株価チャート
から 12 2023 まで 12 2024
