WisdomTree launches its first tokenized fund to provide investors with private credit investment exposure

According to ChainCatcher, WisdomTree Inc. launches its first tokenized fund to provide investors with private credit investment exposure, according to Bloomberg. WisdomTree Private Credit and Alternative Income Digital Fund (code CRDT) officially launched on Friday, tracking an equal-weighted index of 35 closed-end funds, business development companies and real estate investment trusts. The company has launched an ETF based on this benchmark in 2021. The minimum investment of the tokenized fund is US$25 and supports redemption within two days. CRDT tracks the index of public investment vehicles linked to private equity credit, a design that lowers the barriers to entry and increases liquidity, but there is still a layer between investors and underlying loans. When WisdomTree's CRDT fund goes live, it will be tokenized on Ethereum and Stellar blockchains and plans to expand to other blockchains such as Avalanche in the coming weeks.