Global financial innovator WisdomTree Inc. has launched its first tokenized fund, CRDT, offering exposure to private credit on blockchain with a minimum investment of $25, signaling a significant step in institutional digital asset adoption.

Executive Summary

WisdomTree Inc. has launched the WisdomTree Private Credit and Alternative Income Digital Fund (CRDT), making private credit investments accessible on blockchain. This initiative significantly reduces the minimum investment to $25 and operates on both the Ethereum and Stellar blockchains, facilitating access for both retail and institutional investors through WisdomTree Prime® and WisdomTree Connect™ platforms. This development reinforces the broader trend of real-world asset (RWA) tokenization and bridges traditional finance with the digital asset ecosystem.

The Event in Detail

On September 12, 2025, WisdomTree, Inc. launched its WisdomTree Private Credit and Alternative Income Digital Fund (token ticker: CRDT; fund ticker: CRDYX). This fund is designed to provide exposure to private credit via a transparent, tokenized fund structure. The fund seeks to track the price and yield performance of the Gapstow Private Credit and Alternative Income Index (GLACI). The index comprises registered closed-end investment companies (CEFs), business development companies (BDCs), and real estate investment trusts (REITs) listed on major U.S. stock exchanges, with constituents being equal-weighted and rebalanced quarterly.

Financial Mechanics and Innovation

The CRDT fund innovates by lowering the entry barrier for private credit investments to $25, making this asset class broadly available. It features T+0 settlement for subscriptions and T+2 settlement for redemptions, enhancing liquidity and efficiency. The fund's tokenization on the Ethereum and Stellar blockchains allows for on-chain access to real-world assets (RWA) within regulated structures, eliminating the need for off-chain operations. Will Peck, Head of Digital Assets at WisdomTree, stated that CRDT "> unlocks access to one of the most coveted asset classes – alternatives – directly onchain," allowing diversification for crypto-native investors.

Business Strategy and Market Positioning

WisdomTree's strategy aligns with a growing industry movement toward tokenizing real-world assets. This move positions WisdomTree alongside firms like Securitize, which collaborate with asset managers such as BlackRock, Apollo, KKR, and Hamilton Lane on tokenized funds. The company's prior experience, including sponsoring the WisdomTree Private Credit and Alternative Income Fund (HYIN) ETF that tracks the same benchmark, underscores its established expertise in this asset class. The launch of CRDT extends WisdomTree's digital asset offerings, building on its existing tokenization engine that supports over a dozen tokenized funds. This approach mirrors the broader shift on Wall Street toward digital finance, exemplified by Nasdaq's request with the SEC to authorize tokenized securities trading.

Broader Market Implications

The introduction of CRDT signifies a substantial advance in the institutional adoption of blockchain technology for RWA tokenization, potentially attracting new capital into the crypto ecosystem. This development underscores the view that tokenization represents the "mutual fund 3.0" evolution, as characterized by Bank of America. With over $28 billion in real-world assets already represented on-chain, largely in private credit and Treasuries, CRDT contributes to increasing the liquidity and accessibility of traditionally illiquid assets. While distribution platforms for tokenized funds remain rare and regulatory clarity is still evolving, initiatives like CRDT are pivotal in driving infrastructure development and fostering greater integration between traditional financial markets and the digital asset space.