WisdomTree Launches Tokenized Private Credit Fund
Asset manager WisdomTree has launched a new tokenized fund called the WisdomTree Private Credit and Alternative Income Digital Fund (CRDYX). The fund aims to track the Gapstow Private Credit and Alternative Income Index (GLACI).
Fund Details and Blockchain Integration
The GLACI index tracks 35 publicly traded private credit vehicles using a rules-based, equal-weighted approach. The new fund offers investors access to this index through a blockchain-based structure.
At launch, the fund will be tokenized on the Ethereum and Stellar blockchain networks. Investors can buy tokens through WisdomTree Prime and WisdomTree Connect platforms. The minimum investment is $25.
Will Peck, Head of Digital Assets at WisdomTree, said, “With WisdomTree Prime and WisdomTree Connect, we’ve taken onchain investing to the next level – expanding the range of funds available so users can build more diversified portfolios onchain, without sacrificing the regulatory rigor of traditional finance.”
WisdomTree’s Vision and Industry Trends
This tokenized fund adds to WisdomTree’s existing exchange-traded funds (ETFs) and products. Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, said, “For four years, we’ve been proud to make this space more accessible to the individual investor through our ETF, and now CRDT is able to deliver yield potential in a modern, tokenized fund.”
Recently, other major financial firms have also entered the tokenization space. BlackRock is exploring tokenized ETFs that track equities and real-world assets. Nasdaq has filed with the SEC to allow trading of tokenized stocks alongside traditional equities.
