Dear HashKey Exchange Clients,
HashKey Earn Channel is pleased to announce the listing of the WisdomTree Treasury Money Market Digital Fund (WTGXX) (the "Product"), an open-end tokenized money market fund offered by WisdomTree.
The Fund seeks to provide investors with a high level of current income while seeking to preserve capital and maintain liquidity, while maintaining a stable net asset value (NAV) of USD 1.00 per share. It invests primarily in short-term U.S. government securities and Treasury-backed repurchase agreements.
The Fund uses blockchain technology as part of its integrated recordkeeping system, while its underlying investments remain traditional financial instruments. The Fund does not invest in cryptocurrencies.
The Fund generally accrues investment income daily and distributes income monthly, subject to its distribution policies. Eligible clients may subscribe to and redeem the Product through HashKey Earn Channel using USDC, subject to applicable eligibility requirements and dealing arrangements.
Product Details:
| Item | Details |
| Product Name | WisdomTree Treasury Money Market Digital Fund (WTGXX) |
| Investment Adviser | WisdomTree Digital Management, Inc. |
| Product Type | Tokenized Treasury Money Market Fund |
| Investment Objective | Seeks to provide a high level of current income while seeking to preserve capital and maintain liquidity, with the objective of maintaining a NAV of USD 1.00 per share (not guaranteed). |
| Underlying Exposure | Primarily short-term U.S. government securities, including U.S. Treasury securities and Treasury-backed repurchase agreements |
| Eligible Clients | Professional Investors |
| Subscription/Redemption Currency | USDC |
| Target NAV | USD 1.00 per share (not guaranteed) |
| Subscription Settlement | Subscription orders submitted through the HashKey Earn Channel are expected to settle on T+1, subject to the issuer's dealing calendar, settlement arrangements and operational processing. |
| Redemption Settlement | Redemption orders submitted through the HashKey Earn Channel are expected to settle on T+1, subject to the issuer's dealing calendar, settlement arrangements and operational processing. |
| Dealing Frequency | Daily* |
| Daily Cut-off Time | 9:00 AM (HKT) |
| Minimum Subscription | 25 USDC |
| Income Accrual | Daily |
| Distribution Frequency | Generally monthly, subject to the issuer's distribution arrangements |
| Distribution Currency | USDC |
| Fees | • Platform Subscription Fee: 0% • Platform Redemption Fee: 0.1% |
*Subscription and redemption requests will be processed in accordance with the issuer's applicable dealing calendar, valuation methodology, operational procedures and settlement arrangements. Orders submitted on U.S. public holidays or other non-dealing days may be processed on the next available dealing day.
Note: Subscription and redemption are not guaranteed to be instantaneous. The final execution price and settlement timing are subject to the issuer's applicable arrangements. Product terms and operational parameters may be adjusted from time to time. Please refer to the latest information displayed on the order page and official platform announcements.
Important Notes
Please read the following carefully before investing in the Product.
Complex Product
The Product is classified as a complex product under HashKey Exchange's applicable product governance arrangements.
Investors should exercise caution and ensure that they fully understand the nature, features and risks of the Product before investing. Investors should carefully consider whether the Product is suitable for them in light of their investment objectives, financial circumstances, risk tolerance and investment experience.
Client Eligibility
The Product is available only to eligible Professional Investors who satisfy the applicable requirements of HashKey Exchange and the issuer.
Clients must complete all applicable onboarding, suitability assessments and regulatory requirements before transacting in the Product.
Investment Objective and NAV
The Fund seeks to provide a high level of current income while seeking to preserve capital and maintain liquidity by investing primarily in short-term U.S. government securities and related money market instruments.
The Fund seeks to maintain a NAV of USD 1.00 per share. However, this objective is not guaranteed, and the NAV may fluctuate under adverse market conditions.
The Fund is not a bank deposit, and investments in the Fund are not principal-protected or guaranteed by any government agency.
Income Accrual and Distribution
The Fund generally accrues investment income daily and distributes income on a monthly basis, subject to its distribution policies and applicable record dates.
For eligible clients investing through HashKey Earn Channel, applicable cash distributions are expected to be credited in USDC, subject to the issuer's confirmation and the platform's operational arrangements.
Investors should note that daily income accrual does not mean daily distribution or immediate crediting of income. Distribution amounts may vary depending on the Fund's investment performance, prevailing interest rates and expenses. Neither the distribution amount nor its timing is guaranteed.
Subscription and Redemption
Subscription and redemption requests will be processed in accordance with the issuer's applicable dealing calendar, valuation methodology, operational procedures and settlement arrangements.
Although the issuer may offer extended-hours liquidity arrangements, such arrangements are subject to applicable conditions and do not guarantee continuous or immediate execution through HashKey Exchange.
The final execution price and settlement timing are subject to the applicable transaction arrangements. Processing or settlement may be delayed due to market disruptions, liquidity constraints, non-dealing days or operational issues.
Digital Fund Structure and Transfer Restrictions
The Product uses blockchain technology as part of the Fund's integrated recordkeeping system, with digital representations of Fund shares recorded on supported blockchains.
The blockchain records do not constitute separate securities, and ownership of Fund shares is determined by the official records maintained by the Fund's transfer agent.
On HashKey Exchange, the Product is currently available for subscription and redemption through HashKey Earn Channel only. Deposits and withdrawals of WTGXX to or from external wallets, transfers between HashKey Exchange users and secondary market trading of the Product are not supported.
Investors may exit their investments only by submitting redemption requests through HashKey Earn Channel, subject to applicable redemption and settlement arrangements.
Product Arrangements
HashKey Exchange may adjust, suspend or discontinue the Product or related services where required due to issuer arrangements, market conditions, regulatory requirements, operational considerations or other applicable circumstances.
Where reasonably practicable, clients will be notified in advance.
Product-Specific Risk Warnings
The Product is a complex product. Investors should carefully consider the risks associated with the Product, including but not limited to:
- NAV and Principal Loss Risk: The Fund seeks to maintain a NAV of USD 1.00 per share, but this objective is not guaranteed. Investors may lose part or all of their invested capital.
- Interest Rate and Market Risk: Changes in prevailing interest rates, market conditions and the value of underlying securities may affect the Fund's investment income and NAV. Declining interest rates may reduce the Fund's future income distributions.
- U.S. Government Securities Risk: Although U.S. Treasury securities are backed by the full faith and credit of the U.S. government, their market values may fluctuate due to changes in interest rates and other economic factors. Investments in U.S. government securities do not guarantee the Fund's principal value.
- Liquidity and Redemption Risk: Market disruptions, unusual redemption activity or deterioration in liquidity conditions may affect the Fund's ability to process redemptions promptly. Subscription and redemption processing may be delayed or restricted under certain circumstances.
- Income and Distribution Risk: Investment income and distributions are variable and not guaranteed. Changes in interest rates, portfolio composition and Fund expenses may affect the amount and frequency of distributions. Daily income accrual does not guarantee daily income payments.
- USDC Settlement Risk: Subscriptions, redemptions and distributions settled in USDC are subject to risks associated with stablecoins, including potential deviations from their intended USD value, issuer-related risks, liquidity constraints and operational disruptions.
- Blockchain and Operational Risk: The use of blockchain technology involves cybersecurity, transaction processing, operational and regulatory risks. These risks may affect the Fund's recordkeeping arrangements or the processing and settlement of transactions.
Investors should carefully review the relevant offering documents, prospectus, product documentation and applicable risk disclosures before making any investment decision. Past performance is not indicative of future results.
More Information
For further information, please refer to:
Notice on Management of Voting Rights
HashKey Exchange does not exercise any voting rights that may be associated with the Product on behalf of its clients. Any rights associated with Fund shares, if applicable, will be handled in accordance with the Fund’s governing documents and applicable arrangements.
Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; or (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice. We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. HashKey Exchange does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. HashKey Exchange shall not be liable for any consequences thereof.
Risk warning and disclosure:
- Trading in tokenized investment products on HBL's Earn Channel and using the Product Dealing Services involves risks, some of which are set out below. These risks, and additional risks arising either now or in the future, could result in the loss, failure or destruction of your assets, inability to receive any benefits available to you, other losses and termination of our Product Dealing Services.
- You must consider carefully whether the risks set out below, as well as all other applicable risks (including those described in the offering documents of each product), are acceptable to you prior to any transaction in tokenized investment products on our Earn Channel.
- You must seek professional advice regarding your particular situation before transacting in tokenized investment products or using our Product Dealing Services.
- The risk of loss in transactions involving tokenized investment products can be substantial. You should therefore carefully consider whether such transactions are suitable for you in light of your investment objectives, financial circumstances, your tolerance to risks and your investment experience. You should be capable of bearing a full loss of the amounts invested as a result of or in connection with any transaction in tokenized investment products and any additional loss over and above the initial amounts traded or invested that may become due and owing by you. In considering whether to trade or invest, you should inform yourself and be aware of the risks generally, and in particular, should note the following specific risk factors which may apply to any given transaction in tokenized investment products.
- Whilst the information regarding the tokenized investment products on our channel may be helpful to you when making an investment decision, the information and data contained in this document are for reference only. It does not constitute (i) an offer, solicitation, invitation or recommendation for buying or selling the product or (ii) investment advice. You should therefore consider whether the information is appropriate for your needs.
- Past performance of a tokenized investment product is not a reliable indicator of future performance. Such historical performance data are calculated based on retrospective market conditions, technological infrastructure, and regulatory frameworks that may no longer apply. Such data does not constitute a guarantee, projection, or promise of future results. You should not base your investment decisions solely on historical performance data.
- Please refer to our Earn Channel User Terms & Risk Disclosure for more information.
Hash Blockchain Limited
Hash Blockchain Limited is responsible for the issue of this material in Hong Kong. It is licensed by the Securities and Futures Commission for Types 1 and 7 regulated activities under the Securities and Futures Ordinance, and has obtained a license to operate a virtual asset trading platform under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). HashKey Exchange does not service users from Mainland China, United States and certain other jurisdictions in compliance with laws and regulations. This material has not been reviewed by the Securities and Futures Commission of Hong Kong or any other regulator.
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