WisdomTree has launched the WisdomTree Private Credit and Alternative Income Digital Fund (CRDT), a tokenized investment vehicle designed to provide investors with access to private credit on blockchain rails. This move comes as the tokenized real-world asset (RWA) market gains traction, with the total value of tokenized instruments on-chain nearing $30 billion. The CRDT fund launched on September 12, 2025, and is available on the Ethereum and Stellar blockchains through WisdomTree's Prime and Connect platforms.
The CRDT fund aims to replicate the performance of the Gapstow Private Credit and Alternative Income Index (GLACI). It offers subscriptions that settle instantly (T+0) and redemptions that finalize in two days (T+2), with a minimum investment threshold of $25.
According to WisdomTree, the CRDT fund unlocks access to alternative asset classes for crypto-native investors, enabling them to diversify their portfolios with exposures previously reserved for institutions. By tokenizing private credit, WisdomTree seeks to shorten settlement cycles, increase transparency, and maintain market accessibility around the clock. The fund includes credit extended to private corporations, loans made to real estate investment trusts (REITs), and debt from business development corporations.
The launch of the CRDT fund highlights the growing trend of asset managers tokenizing real-world assets. Tokenization involves converting the ownership of assets like real estate, credit, or funds into digital tokens recorded on a blockchain. This process is gaining popularity because it simplifies the trading of traditional investments.
The private credit market has emerged as a leading segment in the tokenized RWA space. Private credit has become one of the most discussed opportunities in today's market. For four years, WisdomTree has been making this space more accessible to the individual investor through their ETF, and now CRDT is able to deliver yield potential in a modern, tokenized fund.
Will Peck, Head of Digital Assets at WisdomTree, stated that CRDT unlocks access to one of the most coveted asset classes – alternatives – directly onchain. By expanding the breadth of their tokenized funds, they're giving crypto-native investors the chance to diversify via exposures that were once reserved for institutions, all within the digital ecosystem.
The tokenized RWA market has experienced substantial growth, with private credit and US Treasury debt leading the way. Excluding stablecoins, the tokenized RWA market has grown by as much as 380% since 2022, reaching a combined value of $24 billion.
Tokenization can potentially address inherent challenges in private credit, potentially facilitating enhanced liquidity, efficiency, and transparency. A majority of wealth and asset managers indicated they would have allocated more to private credit investments were it not for liquidity risks and/or high manager fees, according to a year-end 2023 survey. A substantial share also expressed concerns regarding transparency. Tokenization enables easier trading of fractionalized assets on digital marketplaces, enhancing liquidity, and the use of smart contracts reduces back-office costs and improves operational workflows. Shared ledgers, enabled by blockchain technology, enhance transparency through real-time records of ownership and transaction history.
Currently, decentralized platforms constitute a significant portion of the tokenized private credit market. The private credit market is approaching $1.7 trillion in investment globally.
