BULLISH 📈 : WisdomTree launches tokenized funds on Solana with USDC support

WisdomTree Launches Tokenized Funds on Solana

WisdomTree has introduced its suite of tokenized fund products on the Solana blockchain.
The launch includes access to money market, equities, fixed income, alternatives, and asset allocation funds via WisdomTree Connect and WisdomTree Prime.
Users can utilize stablecoin conversion services with USDC and PYUSD for subscriptions and redemptions.
Investors have full on-ramp access to move USDC directly from Solana into the WisdomTree Prime app, offering near-zero network fees and self-custody support.

Market Context

Bitcoin is trading below $90K, while Solana has decreased by nearly 1% over the past 24 hours.
Despite short-term fluctuations, Solana remains up about 0.50% for the week.

WisdomTree Stock Performance

WisdomTree's stock reached a 10-year high at $16.89 before settling slightly at $16.82, showing a weekly increase of nearly 4% and over 35% in the past 30 days.
The firm's stock recovered from a low of around $11.00 after withdrawing plans for an XRP ETF filing with the SEC earlier in January.