WisdomTree Puts Private-Credit Exposure on the Blockchain

WisdomTree Inc. launched its first tokenized fund that gives investors exposure to private credit, marking the latest attempt by Wall Street to connect fast-growing markets with blockchain technology.

The WisdomTree Private Credit and Alternative Income Digital Fund (ticker CRDT) went live Friday, tracking an equal-weighted index of 35 closed-end funds, business development companies and real estate investment trusts. The firm already runs an ETF on the same benchmark, introduced in 2021.