WTGXX, issued by WisdomTree, Inc., is a tokenized 1940 Act fund share that records onchain a digital representation of Government Money Market Digital Fund, an SEC-registered open-end fund [S1][S2].

Each token tracks the NAV of Government Money Market Digital Fund (WTGXX), with income generated at the fund level rather than by a price-tracking wrapper [S3][S1]. If the underlying fund issues a dividend or distribution and eligibility requirements are met, holders receive it, and certain funds support continuous daily dividend accrual allocated by how long each verified wallet holds tokens [S4][S5]. Index-tracking funds quote performance before fees and expenses [S3].

WisdomTree, Inc. (NYSE: WT) is a New York headquartered asset manager whose Digital Funds are registered with the U.S. Securities and Exchange Commission under the Investment Company Act of 1940 and overseen by a board with a majority of independent trustees [S1][S2]. The token is a digital representation of fund shares, while WisdomTree Transfers, Inc., an SEC-registered transfer agent, keeps the official book-entry record and assets sit in segregated custody [S1][S6]. Shares are offered to retail investors through the state-gated WisdomTree Prime and to verified, permissioned institutional wallets through WisdomTree Connect [S2][S6]. Subscriptions and redemptions settle in U.S. dollars or via USDC, with PYUSD on Solana [S2][S6][S7].

Tokens are minted as digital representations of fund shares across Ethereum, Arbitrum, Avalanche, Base, OP Mainnet, Plumenetwork, Stellar and Solana, with the full suite mintable natively on Solana [S2][S6][S7]. WisdomTree Securities, Inc., a broker-dealer, facilitates trading, and minting and redemption are funded in U.S. dollars or through stablecoin conversion [S1][S4]. NAV governs share value, and select funds support instant settlement under SEC exemptive relief [S6][S4].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://ir.wisdomtree.com/news-events/press-releases/detail/768/wisdomtree-elevates-suite-of-tokenized-assets-with-launch" },
    { id: "S2", url: "https://ir.wisdomtree.com/news-events/press-releases/detail/725/wisdomtree-connect-now-offers-13-tokenized-funds-across" },
    { id: "S3", url: "https://ir.wisdomtree.com/news-events/press-releases/detail/755/wisdomtree-brings-private-credit-onchain-with-the-launch-of" },
    { id: "S4", url: "https://ir.wisdomtree.com/news-events/press-releases/detail/777/wisdomtree-to-launch-247-trading-and-instant-settlement" },
    { id: "S5", url: "https://ir.wisdomtree.com/news-events/press-releases/detail/706/wisdomtree-prime-unveils-new-earn-until-you-spend" },
    { id: "S6", url: "https://ir.wisdomtree.com/news-events/press-releases/detail/704/wisdomtree-launches-new-platform---wisdomtree-connect" },
    { id: "S7", url: "https://ir.wisdomtree.com/news-events/press-releases/detail/774/wisdomtree-expands-tokenized-funds-to-solana" },
  ]}
/>


# Asset transfer volume methodology

## 1. Overview

Asset transfer volume is defined as the total value of assets transferred onchain. Since transaction fees are paid by users for each transfer, a correlation is typically observed between this metric and the customer demand that exists to use an asset for transacting purposes. Daily transfer volumes are aggregated across all supported blockchains, normalized by decimal precision, and converted into USD. To ensure an accurate representation of economic activity, transactions involving non-circulating treasury or premint addresses are subtracted where applicable.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, Tron, Starknet, zkSync Era, and others)
- **Solana instructions**: SPL token transfers, mints, and burns
- **Aptos events**: Token withdraw events
- **Near events**: Token transfer events
- **Polkadot Asset Hub events**: `Transferred` events from the `assets` pallet
- **Cardano UTXO transactions**: Token deposits, withdrawals, and mint/burn events
- **Stellar operations**: Classic token withdrawals and Soroban SEP-41 token transfers
- **Sui transactions**: Token withdrawals and `TreasuryCap` supply changes
- **Algorand transactions**: Asset transfer transactions
- **Injective events**: Token transfer, mint, and burn events
- **Stacks transactions**: Token transfer events
- **Asset metadata**: Token contract addresses and decimal precision
- **External data**: End-of-day price feeds and fiat exchange rates

## 3. Step-by-step calculation

### Component A: Raw transfer volume extraction

- **Purpose**: Extract raw token transfer quantities from onchain events and transactions
- **Logic**: On EVM-compatible chains, token transfer quantities are extracted from ERC-20 `Transfer` events. On Solana, quantities are extracted from SPL token transfers, mints, and burns. On Aptos, Near, Algorand, Injective, and Stacks, transfer volumes are parsed from native token transfer and withdrawal events. On Polkadot Asset Hub, volumes are extracted from `Transferred` events emitted by the `assets` pallet. On Cardano, UTXO withdrawals and mint events are aggregated to capture all token movements. On Stellar, classic token withdrawals and Soroban SEP-41 transfer, mint, and burn events are parsed. On Sui, token withdrawals are combined with mint events derived from `TreasuryCap` supply changes.
- **Key fields**: `timestamp` (the day of the transfer) `token_address` (the contract or asset identifier) `amount` (the raw transfer quantity)

### Component B: Premint and preburn correction

- **Purpose**: Exclude non-circulating token movements to isolate genuine economic transfer volume
- **Logic**: For supported chains, raw transfer volumes are corrected by subtracting premints and preburns. Premints are defined as tokens minted directly into designated project treasury or premint addresses, while preburns are represented by tokens burned directly from these non-circulating addresses. On EVM-compatible chains, Solana, Injective, Stacks, and Stellar Soroban, these flows are identified by filtering transfers where the sender or recipient matches a known treasury address. On Algorand, transfers between asset configuration addresses and treasury addresses are subtracted. On Cardano, deposits to and withdrawals from treasury addresses during mint or burn transactions are netted out.
- **Key fields**: `amount` (the corrected transfer quantity) `token_address` (the contract or asset identifier) `timestamp` (the day of the transfer)

### Component C: Decimal normalization and zero-filling

- **Purpose**: Normalize token quantities to human-readable units and ensure continuous daily time series
- **Logic**: Raw token quantities are normalized by the decimal precision retrieved from the asset metadata. For days with no recorded transfer activity, the time series is filled with zero values to maintain a continuous daily record for each asset.
- **Key fields**: `amount` (the normalized transfer quantity) `decimals` (the decimal precision of the token)

### Component D: USD conversion and final aggregation

- **Purpose**: Convert normalized transfer volumes to USD and aggregate across all chains
- **Logic**: Normalized daily transfer volumes are multiplied by the end-of-day price feeds sourced from market data providers. For assets pegged to fiat currencies other than USD, daily exchange rates are applied using Chainlink FX price feeds to determine the USD-equivalent value. The final daily asset transfer volume is calculated by summing the USD-denominated transfer volumes across all active chains for each asset.
- **Key fields**: `price_usd` (the end-of-day market price of the asset in USD) `amount_usd` (the final transfer volume in USD)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Asset transfer volume

Tokenized funds

WisdomTree operates through a combination of traditional asset management practices and digital asset custody solutions, partnering with regulated custodians and market makers to offer ETPs traded on major exchanges. The company generates revenue through management fees on its funds and ETPs, while leveraging institutional-grade infrastructure to provide secure exposure to digital assets for both retail and institutional investors.

WisdomTree provides traditional and digital asset investment solutions, including cryptocurrency ETPs, blockchain-focused funds, and digital asset management services. The company bridges traditional finance with the crypto ecosystem by offering regulated investment vehicles that provide exposure to Bitcoin, Ethereum, and other digital assets through compliant financial products.

WisdomTree is a global financial services company that specializes in exchange-traded products (ETPs) and asset management. The company has expanded into digital assets and blockchain technology, offering cryptocurrency and blockchain-focused investment products.

website

Real-world asset (RWA) issuers

WisdomTree

WisdomTree Government Money Market Digital Fund (WTGXX) is a tokenized fund share issued by WisdomTree through WisdomTree Digital Trust and managed by WisdomTree Digital Management, Inc. with Voya Investment Management Co. LLC as sub-advisor.

Each token is a direct claim on the issuer.

The fund is open-ended, invests in U.S. government debt and money market instruments, and charges a 0.25% annual management fee.

Its assets sit with The Bank of New York Mellon (BNY Mellon), administered by The Bank of New York (BNY), with WisdomTree Transfers, Inc. as transfer agent and Ernst & Young LLP as auditor.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can subscribe and redeem in USD, with a USD 1 minimum and same- or next-business-day subscription settlement after completing KYC, and holders have a right to redeem at net asset value with same- or next-business-day settlement.

WisdomTree Digital Trust is incorporated in the United States, is registered under the U.S. Investment Company Act of 1940, is offered under an SEC-registered offering, and is supervised by the U.S. Securities and Exchange Commission.

WTGXX has been issued on public blockchains since November 2023 and is native to 8 networks, including Stellar, Ethereum, Arbitrum One, Avalanche, Base, and OP Mainnet.

WisdomTree Government Money Market Digital FundWTGXX