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WisdomTree Brings Private Credit Onchain with the Launch of Tokenized WisdomTree Private Credit and Alternative Income Digital Fund
WisdomTree, Inc. (NYSE: WT) (“WisdomTree”), a global financial innovator, announced the launch of the WisdomTree Private Credit and Alternative Income Digital Fund (token ticker: CRDT; fund ticker: CRDYX), available to both retail and institutional investors via the WisdomTree Prime® and WisdomTree Connect™ platforms. The fund seeks to track the price and yield performance, before fees and expenses, of the Gapstow Private Credit and Alternative Income Index (GLACI)1. WisdomTree has years of experience in this space and sponsors an ETF, the WisdomTree Private Credit and Alternative Income Fund (HYIN), that seeks to track the same benchmark.
CRDT aims to deliver exposure to private credit through a transparent, tokenized fund structure, making this traditionally hard-to-access market available to crypto-native investors and institutions. The fund has a T+0 settlement for subscriptions, T+2 settlement for redemptions, and a minimum investment of $25. At launch, the fund will be tokenized on the Ethereum and Stellar blockchains.
The WisdomTree Prime and WisdomTree Connect platforms offer access to real world asset (RWA) exposures in regulated structures without having to operate offchain. By combining daily liquidity and transparency with attractive income potential, CRDT is a compelling addition to the platforms’ existing suite of tokenized funds. The fund unlocks potential for alternative sources of yield, including private credit – a rapidly expanding asset class valued for its attractive income potential and portfolio diversification benefits.
“CRDT unlocks access to one of the most coveted asset classes – alternatives – directly onchain. By expanding the breadth of our tokenized funds, we’re giving crypto native investors the chance to diversify via exposures that were once reserved for institutions, all within the digital ecosystem,” said Will Peck, Head of Digital Assets at WisdomTree. “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.”
“Private credit has become one of the most talked-about opportunities in today’s market. 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,” said Jeremy Schwartz, Global Chief Investment Officer at WisdomTree.<
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