WisdomTree launches its first tokenized fund, offering investors exposure to private credit investments

According to ChainCatcher, as reported by Bloomberg, WisdomTree Inc. has launched its first tokenized fund, offering investors exposure to private credit investments.

The WisdomTree Private Credit and Alternative Income Digital Fund (ticker CRDT) officially launched on Friday. The fund tracks an equally weighted index composed of 35 closed-end funds, business development companies, and real estate investment trusts.

The company had previously launched an ETF based on this benchmark in 2021. The minimum investment for the tokenized fund is $25, with redemption supported within two days. CRDT tracks a public investment vehicle index linked to private credit, a design that lowers entry barriers and increases liquidity, though there remains a layer between investors and the underlying loans.

At launch, WisdomTree's CRDT fund will be tokenized on the Ethereum and Stellar blockchains, with plans to expand to other blockchains such as Avalanche in the coming weeks.