WisdomTree Launches Tokenized Private Credit Fund

Core Insights - WisdomTree has launched a new tokenized fund focused on private credit, named the WisdomTree Private Credit and Alternative Income Digital Fund (CRDT), which tracks a basket of 35 publicly traded closed-end funds, business development companies, and real estate investment trusts [1][2] - The fund requires a minimum investment of $25 and offers a two-day redemption period, expanding access to a broader range of investors [2][3] - The private credit market has seen significant growth as investors seek yield-focused investment options outside traditional banking [2] Company Developments - Will Peck, head of digital assets at WisdomTree, emphasized that the new fund aims to bring the asset class to a wider universe of investors [3] - WisdomTree has previously launched various tokenized investment vehicles, including those related to money market funds, fixed income securities, and equities [3] Industry Trends - The launch of the CRDT fund aligns with a growing trend among major asset managers on Wall Street, such as BlackRock and Fidelity, who are also exploring tokenized investment products [4] - BlackRock manages a $2 billion tokenized money market fund, while Fidelity has recently introduced a tokenized money market fund on the Ethereum blockchain, indicating a serious commitment to real-world asset tokenization within traditional finance [4]