WisdomTree launches its first tokenized fund, providing investors with exposure to private sale credit investments.

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On September 12, Bloomberg reported that WisdomTree Inc. launched its first tokenization fund, providing investors with exposure to private credit investments. The WisdomTree Private Credit and Alternative Income Digital Fund (ticker CRDT) officially went live on Friday, tracking an equally weighted index composed of 35 closed-end funds, business development companies, and real estate investment trusts. The company launched an ETF based on this benchmark in 2021. The minimum investment for this tokenized fund is $25, and it supports redemptions within two days. CRDT tracks the publicly traded investment tools index linked to private credit, a design that drops the entry barriers and enhances liquidity, but investors are still separated from the underlying loans. When WisdomTree's CRDT fund launched, it will achieve tokenization on the Ethereum and Stellar blockchains and plans to expand to other blockchains in the coming weeks, such as Avalanche.

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