tl;dr
WisdomTree has launched the WisdomTree Private Credit and Alternative Income Digital Fund (CRDT), a tokenized fund on Ethereum and Stellar blockchains, offering investors access to private credit through instant settlement, short redemption periods, and a low investment threshold. The fund mirrors...
WisdomTree’s latest move is shaking up the financial world: the asset manager has launched a tokenized fund that brings private credit to the blockchain. Dubbed the WisdomTree Private Credit and Alternative Income Digital Fund (CRDT), the product hit Ethereum and Stellar blockchains on Sept. 12, offering investors a new way to tap into a traditionally exclusive asset class.
CRDT is designed to mirror the performance of the Gapstow Private Credit and Alternative Income Index (GLACI), a benchmark for alternative investments. What makes this fund stand out? Instant settlement for subscriptions (T+0), two-day redemption periods (T+2), and a $25 minimum investment—far lower than the institutional-grade thresholds that usually gatekeep private credit.
“CRDT unlocks access to one of the most coveted asset classes—alternatives—directly onchain,” said Will Peck, WisdomTree’s Head of Digital Assets. “By expanding our tokenized funds, we’re giving crypto-native investors a chance to diversify via exposures once reserved for institutions, all within the digital ecosystem.”
This isn’t just a niche experiment. The tokenization of real-world assets (RWA) is accelerating, with total on-chain tokenized instruments now nearing $30 billion, according to RWA.xyz. Private credit, in particular, has become a magnet for tokenization. The sector already dominates the RWA space, controlling over half of the $29 billion total, with platforms like Provenance Blockchain’s Figure holding about $17 billion in tokenized private credit.
Why the buzz around private credit? It’s a fast-growing corner of global finance. Companies increasingly turn to private credit for tailored loans and flexible repayment terms, fueling a market now valued at over $1 trillion. Yet, access has long been limited to institutional players. CRDT aims to change that by offering a transparent, blockchain-based structure that bypasses traditional gatekeepers.
Jeremy Schwartz, WisdomTree’s Global Chief Investment Officer, called the fund a “modern, tokenized” way to capture yield potential in private credit. “For four years, we’ve made this space more accessible through our ETF,” he said. “Now, CRDT brings that opportunity to the digital age.”
The implications are clear: by shortening settlement cycles, enhancing transparency, and enabling 24/7 market access, CRDT could redefine how investors interact with private credit. For crypto-native users, it’s a bridge to traditional assets. For the broader market, it’s a sign that tokenization is no longer a fringe experiment—it’s a mainstream force reshaping finance.
As the RWA trend gains momentum, one question looms: How many more asset classes will follow private credit onto the blockchain?