Businesses can now allocate idle cash to a government-backed fund via Stable Sea, as tokenized Treasury products gain traction in corporate finance.
Treasury management startup Stable Sea has integrated WisdomTree’s tokenized US Treasury money market fund into its platform, in a move aimed at helping businesses generate yield on idle cash.
On Wednesday, Stable Sea said the WisdomTree Government Money Market Digital Fund (WTGXX) is now available on its platform, allowing corporate clients to allocate excess cash to a government-backed fund rather than leaving it in low-yield bank accounts.
Stable Sea provides software that automatically reallocates — or “sweeps” — corporate cash balances into yield-bearing instruments. By integrating WTGXX, the company is extending that functionality to a tokenized fund that settles on blockchain infrastructure.
