> ## Documentation Index
> Fetch the complete documentation index at: https://docs.privy.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Tokenized money market funds

> Enable end users to earn on stablecoin balances.

Tokenized money market funds (TMMFs) are regulated money market funds that issue their shares as tokens onchain and invest in US Treasury bills. The interest those Treasuries earn flows back to end users as dividends.

## Capabilities

* **Subscribe, redeem, buy, and sell** fund shares with stablecoins such as OUSD and USDC, starting at \$1
* **Hold shares directly** in non-custodial wallets
* **Query positions** to display shares held, USD value, pending dividends, and in-flight orders
* **Receive dividends** that accrue daily and pay out monthly in stablecoins

## Choose your integration

| | Prebuilt components | API integration |
| - | - | - |
| **Best for** | Teams prioritizing speed to market | Teams that want full control over the end-user experience |
| **How you build** | Prebuilt UI components in the Privy React SDK | Privy REST API endpoints for onboarding, trading, and positions |
| **User experience** | Pre-approved KYC, trading, and position flows | Custom UX and branding built by your app |
| **Supported end users** | Individuals | Individuals and businesses |
| **Time to launch** | Self-serve in the Privy Dashboard | 2 weeks |

> [!NOTE]
>
> API integrations require the fund issuer to review and approve your app's UI before launch to
> ensure compliance.

## Liquidity

End users can trade fund shares in two markets:

* **Primary market:** end users subscribe and redeem directly with the fund. Orders placed before the daily 3:30 PM ET cutoff settle the same day with no fund fees.
* **Secondary market:** end users buy and sell shares onchain with near real-time settlement, 24/7, including nights, weekends, and holidays. Sells are free, and buys carry a fee.

## Issuers and availability

| Issuer | Fund | Available to individuals | Available to businesses |
| - | - | - | - |
| WisdomTree | WTGXX | United States | United States, Brazil, Argentina, Mexico, Colombia, Singapore, Australia, New Zealand, and Hong Kong |

Expanded geographic support is coming soon.

## Chain support

| Environment | Chains |
| - | - |
| Sandbox | Ethereum Sepolia |
| Production | Tempo, Ethereum, and Solana |

## Get started

Sandbox access is available to all developers. Production access is in private preview for select developers. Contact [sales@privy.io](mailto:sales@privy.io) to request production access.

> [!WARNING]
>
> Earnings are not guaranteed, and every yield source involves risk, including loss of funds. Your
> app should make clear to end users that yield is generated via a stablecoin, tokenized money
> market fund, tokenized real-world asset, or DeFi protocol independent from the wallet provider.
> End users keep full control of their assets and should explicitly direct every subscribe, redeem,
> buy, and sell order. Privy does not provide investment, financial, legal, or tax advice.