Stable Sea Adds Tokenized Treasury Fund for Corporate Cash

Corporate treasury startup Stable Sea integrated WisdomTree’s tokenized U.S. Treasury fund this week, offering businesses a new way to generate yield on excess cash. The move allows corporate clients to automatically allocate idle balances into the yield-bearing WisdomTree Government Money Market Digital Fund (WTGXX) instead of low-interest bank accounts. Consequently, corporate treasury teams can now access a government-backed, tokenized money market fund through familiar financial software.

The fund invests primarily in short-term U.S. government securities like Treasury bills. It had total assets of $857.64 million and offered a daily yield of 3.43% as of April 28. Its tokenized format means ownership shares are recorded on-chain, enabling faster settlement and more automated transactions.

Meanwhile, tokenized money market funds are gaining significant traction among institutions. WisdomTree recently enabled 24/7 trading for WTGXX after receiving approval from the U.S. Securities and Exchange Commission. Furthermore, the use case is expanding beyond simple cash management.

For instance, Franklin Templeton and Binance partnered to allow tokenized funds as off-exchange collateral. Similarly, Standard Chartered launched a framework letting clients use BlackRock‘s tokenized fund as collateral on crypto exchange OKX. Richard Baker, CEO of Tokenovate, noted this “signals another instance of tokenization’s transition into the heart of core market infrastructure.”

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