Stable Sea adds 2 WisdomTree funds for corporate cash

Stable Sea has added two WisdomTree digital funds to its treasury platform, giving eligible businesses access to three SEC-registered products with minimum investments starting at $1. Summary Stable Sea has added WTSIX and FLTTX alongside the previously available WTGXX. The three funds carry minimum investments ranging from $1 to $25. Eligible users place fund orders through WisdomTree Securities from Stable Sea’s dashboard. Tokenized real-world assets in the United States have exceeded $31 billion. Stable Sea adds two WisdomTree funds Stable Sea said the WisdomTree Short-Duration Income Digital Fund and WisdomTree Floating Rate Treasury Digital Fund are now available through Stable Sea Terminal, its cash-management platform for finance teams. The additions expand a relationship that began in April, when the platform started offering the WisdomTree Treasury Money Market Digital Fund. In April, crypto.news reported the first integration, which allowed corporate clients to place idle cash in a tokenized fund holding short-term U.S. government securities. Eligible Stable Sea users now have three funds with different investment objectives, costs, yields, and minimums. Finance teams can place buy and sell orders from the same dashboard they use to oversee company cash, according to the firms. You might also like: Sonic Labs launches USSD stablecoin backed by BlackRock and WisdomTree U.S. Treasury assets Access is provided through WisdomTree Securities Inc., an SEC-registered broker-dealer and member of the Financial Industry Regulatory Authority. Before placing an order, each eligible Stable Sea Terminal user must establish a relationship with WisdomTree Securities and complete the required account-opening process. Stable Sea CEO and co-founder Tanner Taddeo told crypto.news that the expanded selection lets a business match its cash holdings with the time at which it expects to need the money. “By expanding our partnership with WisdomTree, we now offer three distinct funds that cover different business needs: a straight money market option, a floating-rate option, and an actively managed income option, so a business can match its cash to how soon it actually needs it.” According to Taddeo, such choices have long been available to large corporate treasury departments but have remained difficult for many smaller companies to obtain. Three tokenized funds serve different cash needs At the lowest entry point, the WisdomTree Treasury Money Market Digital Fund, or WTGXX, requires a minimum investment of $1. The SEC-registered money market fund invests in short-term U.S. Treasury securities and accrues dividends daily. WTGXX carries an expense ratio of 0.25% and had a seven-day SEC yield of 3.46% based on the figures provided with the announcement. Its investment objective combines current income with capital preservation, liquidity and maintenance of a stable net asset value of $1 per share. A second choice, FLTTX, seeks to track an index of floating-rate U.S. Treasury obligations before fees and expenses.