WisdomTree, Inc. (NYSE: WT), a global financial innovator, has introduced the WisdomTree Private Credit and Alternative Income Digital Fund (token ticker: CRDT; fund ticker: CRDYX). This fund is available to both retail and institutional investors through the company’s WisdomTree Prime® and WisdomTree Connect™ platforms. It seeks to track the price and yield performance, before fees and expenses, of the Gapstow Private Credit and Alternative Income Index (GLACI).
WisdomTree has prior experience with this benchmark, sponsoring an exchange-traded fund, the WisdomTree Private Credit and Alternative Income Fund (HYIN), which also tracks the GLACI. CRDT is designed to provide exposure to private credit through a transparent, tokenized fund structure, making this traditionally less accessible market available to crypto-native investors and institutions. The fund features T+0 settlement for subscriptions and T+2 settlement for redemptions, with a minimum investment of $25. Upon launch, the fund will be tokenized on the Ethereum and Stellar blockchains.
The WisdomTree Prime and WisdomTree Connect platforms facilitate access to real-world asset (RWA) exposures within regulated structures, enabling onchain operations. By combining daily liquidity and transparency with the potential for attractive income, CRDT expands the platforms’ existing suite of tokenized funds. The fund aims to unlock potential for alternative sources of yield, including private credit, an asset class recognized for its income potential and portfolio diversification benefits.
Will Peck, Head of Digital Assets at WisdomTree, stated, “CRDT unlocks access to one of the most coveted asset classes – alternatives – directly onchain. By expanding the breadth of our tokenized funds, we’re giving crypto native investors the chance to diversify via exposures that were once reserved for institutions, all within the digital ecosystem.” He added, “With WisdomTree Prime and WisdomTree Connect, we’ve taken onchain investing to the next level – expanding the range of funds available so users can build more diversified portfolios onchain, without sacrificing the regulatory rigor of traditional finance.”
Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, commented, “Private credit has become one of the most talked-about opportunities in today’s market. For four years, we’ve been proud to make this space more accessible to the individual investor through our ETF, and now CRDT is able to deliver yield potential in a modern, tokenized fund.”
The Gapstow Liquid Alternative Credit Index (GLACI) is an equal-weighted index that tracks the performance of 35 “Publicly Traded Alternative Credit Vehicles” (PACs) using an objective, rules-based methodology.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. Investing in the Digital Fund involves risks, including possible loss of principal. The Fund invests in alternative credit sectors through underlying closed-end investment companies (CEFs), including those regulated as business development companies (BDCs), and real estate investment trusts (REITs). These investments carry risks such as market movements affecting CEF values, higher risk associated with BDCs investing in less mature private companies, and real estate-related risks for REITs. Higher-yielding securities, or
