WisdomTree does not view pending U.S. crypto legislation as a prerequisite for innovation, even as policymakers debate new rules for digital assets.
“I don’t [think] it would prevent everything we’re trying to do,” said Will Peck, the company’s head of digital assets, referring to the clarity bill. “We don’t view it as a gatekeeper.”
The Clarity Act, which awaits congressional approval, aims to establish clearer jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while setting rules for how digital assets are classified and regulated. Supporters say this could reduce the uncertainty that has slowed institutional adoption.
Peck’s believes much of the framework already exists. “The SEC has all the tools…to foster good markets in tokenized securities, good markets in tokenized funds,” he said.
This perspective reflects WisdomTree’s approach. The asset manager has been leveraging crypto and tokenization for years, earlier than many traditional peers. It offers a spot Bitcoin exchange-traded fund (ETF) in the United States and a wider range of exchange-traded crypto 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 “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… instant settlement is happening right now with this product,” Peck said.
In practice, this means that institutional investors can switch between the US dollar, stablecoins like USDC and the fund itself at any time, rather than waiting for processing at the end of the day. The model shows how traditional financial products could evolve on the blockchain rails.
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, this 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 crypto price volatility, describing the activity as “all systems working.”
Although Peck said the clarity law would be “constructive for the industry,” he suggested it was not the primary driver of progress. Instead, companies like WisdomTree are moving forward using existing regulatory pathways.
