Hassan Maishera
Chainlink announced via X on Wednesday that WisdomTree, a global asset manager with $130B+ AUM, has adopted Chainlink to bring institutional-grade NAV data onchain to power subscriptions and redemptions for its CRDT tokenized fund on Ethereum.
The WisdomTree Private Credit and Alternative Income Digital Fund (CRDT) is a tokenized private credit fund that provides exposure to a diversified portfolio of liquid private credit and alternative income instruments, tracking the Gapstow Liquid Alternative Credit Index (GLACI).
By bringing the CRDT fund’s NAV data onchain via the Chainlink data standard, WisdomTree can enable subscriptions and redemptions through its Prime and Connect platforms, while ensuring that the fund maintains institutional-grade transparency, auditability, and interoperability with the broader digital asset ecosystem.
With verified NAV data available on Ethereum via Chainlink, DeFi protocols and institutional platforms can also now reference CRDT’s valuation in smart contracts.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 0.4% over the past 24 hours and is trading at $14.90 at press time.
