# SEC Streamlines Issuance Process for Onchain Money Market Funds

*Author: Jack Inabinet*
*Published: Feb 23, 2026*
*Source: https://www.bankless.com/read/news/sec-simplifies-redemptions-for-onchain-money-market-funds*

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Today, the SEC's Division of Investment Management simplified the issuance process for WisdomTree's [Treasury Money Market Digital Fund](https://www.wisdomtreeconnect.com/digital-funds/money-market/wtgxx) with a newly published [exemptive order](https://www.sec.gov/files/rules/ic/2026/ic-35968.pdf).

### What's the Scoop? 
- **Simplified Redemptions: **New SEC [guidance](https://www.sec.gov/files/rules/ic/2026/ic-35968.pdf) will permit WisdomTree and affiliated dealers to create and resell shares of a money market to individual and institutional investors at $1, rather than needing to calculate the net asset value per share and purchase shares at that price as required by the Section 22(d) and Rule 22c-1 of the Investment Company Act of 1940.
- **Needed Upgrade:** According to the SEC, this exemptive relief will be helpful for capping the prices of onchain money market funds firmly at one dollar. Posting to X, the agency [stated](https://x.com/SECGov/status/2026043889577074712?s=20), "the relief would permit investors to trade tokenized shares with a dealer intraday on a continuous basis and receive faster settlement times than would otherwise be the case."

> Today, the Division of Investment Management issued an exemptive order for WisdomTree Treasury Money Market Digital Fund to permit investors to trade the MMF's shares at $1 with a dealer on an intraday basis, regardless of its end-of-day NAV.Read here: [https://t.co/7bvtaJnv9A](https://t.co/7bvtaJnv9A)— U.S. Securities and Exchange Commission (@SECGov) [February 23, 2026](https://twitter.com/SECGov/status/2026043887899361418?ref_src=twsrc%5Etfw)