Global asset manager WisdomTree has launched a tokenized fund that brings a traditional options income strategy onto blockchain infrastructure.
The WisdomTree Equity Premium Income Digital Fund trades under token ticker EPXC and fund ticker WTPIX. It is structured to track the Volos US Large Cap Target 2.5% PutWrite Index, which models a systematic put-writing approach that sells cash-secured put options to generate income. The benchmark uses options on the SPDR S&P 500 ETF Trust (SPY) rather than writing directly on the S&P 500, allowing the strategy to collect option premiums as the seller.
Put-writing strategies can produce a steady stream of premium income and provide a limited downside buffer in flat or gently falling markets, characteristics that may appeal to investors seeking income with some volatility mitigation. Because EPXC is tokenized, it is available to institutional and retail investors and can also be accessed by crypto-native users who may benefit from faster settlement and greater transfer flexibility compared with traditional fund structures.
Will Peck, WisdomTree’s head of digital assets, said the launch expands investors’ options for executing strategies onchain and marks another step in the firm’s tokenized product rollout.
WisdomTree was an early adopter of fund tokenization and now operates 15 tokenized funds across blockchains including Ethereum, Avalanche and Base. Its Government Money Market Digital Fund, a tokenized version of a government money market fund holding short-term U.S. government securities, remains the firm’s most active tokenized product with more than $730 million in assets, according to industry data. In September, WisdomTree also introduced a tokenized private credit fund, offering blockchain-based access to privately originated credit, and that product has seen rapid inflows since launch.
Adoption across the broader wealth and financial industries has been slower; large institutions such as Goldman Sachs and BNY Mellon have only recently unveiled tokenized money market offerings. Some market participants view tokenized funds as a response to the rise of stablecoins, which increasingly operate as cash-like instruments across much of the digital-asset ecosystem.
