WisdomTree Integrates Debit Services with WTGXX RWA Fund

On Oct. 9, WisdomTree, a financial services firm with $112 billion in assets under management (AUM), unveiled “Earn-Until-You-Spend,” enabling debit cardholders to use WTGXX as a spending source.

The move empowers investors in WisdomTree’s Money Market Fund, a tokenized real-world asset (RWA) fund that currently yields 4.6%. Through this function, depositors can earn a yield on funds that would otherwise be idle, similar to a checking account. Earn-Until-You-Spend is available through the WisdomTree Prime debit card.

“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,” the firm said.

WTGXX touts $12 million in AUM and a 7-day yield of 4.6%.

“We're the only platform on the market that integrates saving, spending and investing in this way, incorporating blockchain-enabled investments into consumers' everyday spending habits,” Will Peck, Wisdom Tree’s Head of Digital Assets, told the Defiant.

“In addition to providing an additional value proposition for new and existing investors in WTGXX, we also expect to generate new users for the WisdomTree Prime app altogether, as the functionality gives users choices in how they put their money to work," Peck added.

The activation comes as the RWA space continues to grow, with the total onchain RWA value at an all-time high of $13 billion, a 150% increase over the last two years, according to RWA.xyz.