The US Securities and Exchange Commission (SEC) has approved WisdomTree’s nine blockchain-enabled funds.

According to the official press release, the new digital funds will reflect different exposures, with each of them investing in traditional assets, but will not track crypto assets. However, the firm will leverage Stellar or Ethereum blockchains as a secondary record of share ownership, with official ownership records maintained by the digital funds’ transfer agent.

“We believe that blockchain-enabled finance has the potential to improve the investor experience through enhanced liquidity, transparency, and standardization, which we aim to achieve over time, and these nine digital funds are setting the foundation as we seek to bridge the gap between traditional finance and digital finance today.”