‍WisdomTree Launches Tokenized Private Credit Fund Amidst RWA Boom
Asset manager WisdomTree has introduced the Private Credit and Alternative Income Digital Fund (CRDT), a tokenized private credit vehicle. This move signifies a growing trend of traditional finance integrating with blockchain technology.
The market for tokenized real-world assets (RWAs) now exceeds $16.7 billion. CRDT aims to provide broader access to assets like private corporate credit and REIT loans. Tokenization converts asset ownership into verifiable digital tokens, lowering entry barriers for investors.
Major financial institutions, including Goldman Sachs, BNY Mellon, and State Street, are increasingly involved in tokenized assets, indicating a significant shift towards on-chain finance.