Global asset manager WisdomTree has launched a new digital asset fund that brings a traditional options strategy onchain, a development that underscores the growing convergence between legacy asset management and blockchain-based financial infrastructure.
The WisdomTree Equity Premium Income Digital Fund, trading under the token ticker EPXC and the fund ticker WTPIX, is designed to track the price and yield performance of the Volos US Large Cap Target 2.5% PutWrite Index.
The benchmark models a systematic “put-writing” strategy, in which the index sells cash-secured put options to generate income. Rather than writing options directly on the S&P 500, the strategy uses contracts tied to the SPDR S&P 500 ETF Trust (SPY), effectively earning premiums by acting as the option seller.
For investors concerned about volatility or downside risk, put-writing can provide a predictable stream of premium income and a modest buffer in flat or mildly declining markets.
EPXC is available to both institutional and retail investors. Because the fund is tokenized, it can also be accessed by crypto-native users, who benefit from blockchain infrastructure that offers faster settlement and more flexible transferability compared to traditional fund structures.
Will Peck, WisdomTree’s head of digital assets, said the launch is intended to give investors greater choice in executing their investment strategies onchain, marking another step in the firm’s broader push into tokenized assets.
WisdomTree's Early Adoption of Tokenization Amidst Wealth Industry Catch-Up
WisdomTree has been an early mover in the tokenization space, currently operating 15 tokenized funds across various blockchains, including Ethereum, Avalanche, and Base.
The company's Government Money Market Digital Fund, a tokenized version of a traditional government money market fund investing in short-term U.S. government securities, stands as its most active tokenized product, managing over $730 million in assets, according to industry data.
Previously, WisdomTree also introduced a tokenized private credit fund in September. This new vehicle provides investors with blockchain-based access to privately originated credit and has seen rapid inflows since its introduction.
The broader financial and wealth management industries have adopted tokenization more slowly. Institutions such as Goldman Sachs and BNY Mellon have only recently begun to introduce their own tokenized money market products.
Some industry observers suggest this trend may be a reaction to the significant growth of stablecoins, which have increasingly become de facto cash instruments within large segments of the digital asset ecosystem.