WisdomTree, an asset management company, recently launched its private credit and alternative income digital fund (CRDT), a tokenized private credit tool. This move comes as numerous financial institutions are expanding into the tokenized private credit space and other tokenized real-world asset (RWA) markets.
According to an announcement released on Friday, the fund will cover credit provided to private enterprises, loans to real estate investment trusts (REITs) that track commercial real estate portfolios, and debt from business development companies (i.e., investment companies that provide financing to other businesses).
CRDT is open to both retail and institutional investors, broadening access to an asset class that is typically limited to institutional and accredited investors.
Tokenization refers to the process of converting ownership or rights of an asset (whether physical or digital) into digital tokens on a blockchain.
According to data from RWA.xyz, the value of tokenized private credit tools currently exceeds $16.7 billion, and the market has been steadily growing since 2021.
As the traditional financial system accelerates its migration to on-chain, the market capitalization and popularity of various tokenized funds, including U.S. Treasury funds, money market funds (investing in income-generating debt), private equity funds, and other alternative investment tools, continue to rise.
Investment bank Goldman Sachs and financial institution New York Mellon Bank opened access to tokenized money market funds for institutional investors in July.
State Street Bank, one of the "Big Three" asset management companies (alongside BlackRock and Vanguard), signed on in August to become the first custodian for JPMorgan's tokenized debt platform.
State Street completed the platform's first transaction by purchasing $100 million of tokenized commercial debt from OCBC, one of Southeast Asia's oldest banking institutions.
Oracle provider Chainlink, asset management company UBS with $5.9 trillion in assets under management, and RWA exchange DigiFT launched a pilot project in September in Hong Kong to test the settlement process for tokenized funds.
BlackRock, the world's largest asset management company with over $12.5 trillion in assets under management, is reportedly exploring the tokenization of exchange-traded products (ETFs), funds, or portfolios of stocks listed on exchanges.
Tokenization of ETFs is expected to enhance the speed of capital circulation and enable these tokenized investment tools to be used as collateral in DeFi applications.
Related: Amid the cryptocurrency IPO boom, Gemini (GEMI) stock surged in its strong debut on Nasdaq.
Original article: “WisdomTree Launches Tokenized Private Credit Fund, Market Size Exceeds $16 Billion”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
