WisdomTree does not consider pending US crypto legislation a prerequisite for innovation, even as policymakers debate new rules for digital assets.
“No [think] “It would inhibit anything we’re trying to do,” said Will Peck, the company’s head of digital assets, referring to the proposed Clarity Act. “We don’t see it as a gatekeeper.”
The Clarity Act, which is pending approval by Congress, aims to establish clearer jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while establishing rules for how digital assets are classified and regulated. Supporters say it could reduce the uncertainty that has slowed institutional adoption.
Peck believes much of the framework already exists. “The SEC has all the tools… to foster good markets for tokenized securities, good markets for tokenized funds,” he said.
That perspective reflects WisdomTree’s approach. The asset manager has been developing cryptocurrency and tokenization for years, ahead of many of its traditional peers. It offers a spot bitcoin exchange-traded fund (ETF) in the US and a broader set of cryptocurrency exchange-traded products in Europe, where competition has been less intense and innovation started earlier.
More recently, the company has focused on real-world tokenized assets. WisdomTree operates one of the largest tokenized money market funds, a product category that has grown as investors seek on-chain yield. Peck said the fund has already found “a good product market fit.”
The company also obtained a form of relief from the SEC that allows the fund to trade continuously. “This holy grail of… the instant solution is happening now with this product,” Peck said.
In practice, that means institutional investors can move between US dollars, stablecoins like USDC, and the fund itself at any time, rather than waiting for processing at the end of the day. The model points to how traditional financial products could evolve on the rails of blockchain.
WisdomTree’s broader goal is to bring more regulated investment products to the chain. Peck said the company wants to expand beyond money market funds into other tokenized instruments, including exchange-traded funds and yield-generating products. Over time, that could allow investors to access familiar assets directly from digital wallets, without relying on traditional brokerage accounts.
The company is also betting that demand will persist regardless of market cycles. “It hasn’t affected us at all,” Peck said of the recent cryptocurrency price volatility, describing the activity as “all systems go.”
While Peck said the Clarity Act would be “constructive for the industry,” he suggested it is not the main driver of progress. Instead, companies like WisdomTree are moving forward using existing regulatory avenues.
