Asset manager WisdomTree has launched its Private Credit and Alternative Income Digital Fund (CRDT), a tokenized private credit vehicle that marks a significant expansion into the growing real-world asset (RWA) tokenization market. The fund, which tracks the Gapstow Liquid Alternative Credit Index, includes credit extended to private corporations, loans to real estate investment trusts (REITs), and debt from business development corporations.
The CRDT fund is available on both Ethereum and Stellar blockchains with a remarkably low minimum investment of $25, dramatically expanding access to an asset class traditionally reserved for institutional and sophisticated investors. Investors can access the fund through WisdomTree's Prime app and Connect platform.
The tokenized private credit market has reached $16.7 billion in value and has shown steady growth since 2021, according to RWA.xyz. This launch comes amid increasing institutional adoption of blockchain technology for traditional financial products. Major players including Goldman Sachs, BNY Mellon, State Street, UBS, and BlackRock have all recently entered the tokenization space, with BlackRock reportedly exploring tokenizing exchange-traded vehicles.
Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, stated: "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."
Will Peck, Head of Digital Assets at WisdomTree, added that the fund "unlocks access to one of the most coveted asset classes – alternatives – directly onchain" and provides crypto-native investors with diversification opportunities previously reserved for institutions.