Wisdomtree has launched a new tokenized fund focusing on private credit.
The new Fund, called WisDomtree Private Credit and Alternative Income Digital Fund (Crdt)Spores a basket of 35 listed closed funds, business development companies and investment in real estate, Bloomberg reports.
It is available with a minimum investment of only $ 25 and offers two-day redemption. WisdomTree, it’s worth adding, launched a ETF tracking of the same benchmark in 2021, WisDomtree Private Credit and Alternative Income Fund.
Private credit, lending carried out outside traditional banks, has been ballooning in recent years, as investors hunt dividend -focused investment opportunities.
“It’s really just about bringing the asset class to a whole universe of different investors,” said Will Peck, head of digital assets at Wisdomtree.
The company has so far launched a number of tokenized investment vehicles, including those offering exposure to money market funds, fixed -income and shares securities.
The new fund joins a growing trend among Wall Street’s biggest asset managers. Blackrock, for example, manages a $ 2 billion market fund, while Fidelity’s Tokenized Money Market Fund recently rolled out at Ethereum.
Wisdomtree joins a wider trend. Blackrock’s tokenized $ 2 billion money market fund and experiments from Fidelity and Vaneck suggest that traditional funding is taking the real world tokenization seriously, although it is still small compared to trillion in ETFs and mutual funds.
