The U.S. Securities and Exchange Commission (SEC) announced that its Division of Investment Management has issued an exemption order for the WisdomTree Treasury Money Market Digital Fund, a tokenized money market fund. Under this exemption, investors can buy and sell units of the money market fund (MMF) through dealers at a price of $1 per unit during trading hours, without being subject to its daily closing net asset value (NAV). The fund issues tokenized units on the blockchain. This regulatory exemption allows investors to continuously trade tokenized fund units with dealers during trading hours and achieves faster settlement speeds than traditional methods. The SEC added that this move provides flexibility for tokenized fund products to operate within the existing regulatory framework, helping to improve trading efficiency and settlement experience.