MoonPay adds $1.2B tokenized WTGXX fund to stablecoin reserves
- —The WTGXX fund is valued at $1.2 billion, but this is the fund's size, not MoonPay's allocation amount
- —The exact reserve share and custody arrangements were not disclosed
- —WTGXX appears in the SEC EDGAR database as a registered fund
- —MoonPay is developing MoonPay Trade and tokenized asset infrastructure
Why it matters: Shifting reserves into a tokenized fund changes the liquidity profile and raises regulatory questions about accounting for tokenized securities as reserve assets.
Source: Coincu