Tokenized private credit and other tokenized alternative funds continue to grow as the legacy financial system migrates onchain.
Asset manager WisdomTree launched its Private Credit and Alternative Income Digital Fund (CRDT), a tokenized private credit vehicle, amid an uptick in firms expanding into the tokenized private credit niche and other tokenized real-world assets (RWAs).
The fund will include credit extended to private corporations, loans made to real estate investment trusts (REITs), which are funds that track baskets of commercial properties, and debt from business development corporations, which are investment companies that offer financing to other businesses, according to Friday’s announcement.
CRDT is available to retail and institutional investors, expanding access to an asset class typically reserved for institutional and sophisticated investors.
