Blockchain funds

The U.S. Securities and Exchange Commission (SEC) has given the green light to nine more blockchain-enabled funds from $82 billion asset manager WisdomTree. None of these funds track crypto assets themselves, but the firm does utilize the Ethereum and Stellar blockchains to keep a secondary record of share ownership, thus making them blockchain-enabled or “digital funds” as WidsomTree describes them. The firm announced the SEC’s approval on Dec. 14, and outlined that the nine digital funds offer exposure to a host of different asset classes such as equities, commodities and floating rate treasuries. The funds are expected to launch via the WisdomTree Prime mobile app in the first quarter of 2023. “We believe that blockchain-enabled finance has the potential to improve the investor experien...