- CRDT tracks 35 publicly traded closed-end funds, business development companies, and real estate investment trusts.
- The fund mirrors a benchmark that WisdomTree already tracks with an ETF launched in 2021.
Private credit, once the preserve of institutional investors, is moving onto blockchain. WisdomTree has launched a new tokenized fund that brings the asset class to retail investors with a minimum investment of just $25 and two-day redemption windows.
According to Bloomberg report, The WisdomTree Private Credit and Alternative Income Digital Fund (CRDT) tracks 35 publicly traded closed-end funds, business development companies, and real estate investment trusts.
The fund mirrors a benchmark already tracked by an ETF WisdomTree introduced in 2021, but the new version is reportedly issued on blockchain to streamline access and settlement. Private credit has grown rapidly in recent years as lending outside traditional banks gains popularity among yield-focused investors.
Will Peck, head of digital assets at WisdomTree, said the launch is designed to widen access. “It’s really just about bringing the asset class to a whole universe of different investors,” he commented for Bloomberg.
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Broader Tokenization Trend
The launch adds to WisdomTree’s roster of blockchain-based products, which already includes tokenized funds tied to money markets, fixed income, and equities. It also reflects a broader shift among asset managers experimenting with real-world asset tokenization.
BlackRock manages a $2 billion tokenized money market fund, while Fidelity has recently rolled out its own version on Ethereum.
VanEck has also begun testing blockchain-based structures. While tokenized funds remain small compared to traditional ETFs and mutual funds, their presence on major platforms signals growing adoption across Wall Street.