Wisdomtree launched a new tokenized fund focused on private credit.
The new fund, called the Wisdomtree’s private credit and the digital alternative income fund (CRDT)Follows a basket of 35 term funds, listed commercial development companies and real estate investment trusts, reports Bloomberg.
It is available with a minimum investment of only $ 25 and offers a two -day buyback. Wisdomtree, it is worth adding, launched an ETF according to the same reference in 2021, the Wisdomtree Private Credit and Alternative Revenue Fund.
Private credit, loans made outside traditional banks, has climbed investors in recent years, pursuing investment options focused on returns.
“It is really a question of bringing the asset class to a whole universe of different investors,” said Will Peck, manager of digital assets in Wisdomtree.
The company has so far launched a certain number of token investment vehicles, including those offering exposure to money market funds, fixed income securities and stocks.
The new fund joins an increasing trend among the largest asset managers in Wall Street. Blackrock, for example, manages a monetary market fund of $ 2 billion, while the Fidelity tokenized money market was recently deployed on Ethereum.
Wisdomtree joins a broader trend. The Fund on the $ 2 billion dollars market in BlackRock and the experiences of Fidelity and Vaneck suggest that traditional finance seriously takes the tokenization of active world, even if it is still small compared to billions of ETF and common funds.
