WisdomTree Inc. has launched its first tokenized fund, providing investors with exposure to private credit investments. The WisdomTree Private Credit and Alternative Income Digital Fund (CRDT) officially launched on Friday. The fund tracks an equally weighted index of 35 closed-end funds, business development companies, and real estate investment trusts. The company already launched an ETF based on this benchmark in 2021.

The tokenized fund has a minimum investment of $25 and supports redemption within two days. CRDT tracks an index of publicly available investment instruments tied to private credit, a design that lowers barriers to entry and increases liquidity, but still creates a barrier between investors and the underlying loans. WisdomTree's CRDT fund will be tokenized on the Ethereum and Stellar blockchains at launch, with plans to expand to other blockchains, such as Avalanche, in the coming weeks. (Bloomberg)