Tokenised funds evaluated across what you own and against whom, redemption mechanics, the fee load against the cheapest equivalent, and eligibility.
Ranked here: tokenised funds, where you buy into a fund through a token, compared on what you own and against whom, redemption mechanics, fee load and who can subscribe. Not ranked here: money-market and T-bill funds ranked under those categories, issuance rails and fund software, mirror tokens you cannot buy, and crypto funds whose shares never touch a chain.
WI
#1 of 7 · published ranking
WisdomTree Digital Funds
83ChainChoice Score
4199
Why it leads
WisdomTree Digital Funds scores higher than everything else in this ranking on its claim distance and its liquidity.
Show the arithmetic
Best in this ranking on claim distance and liquidity
Cost
$5.00 your cost/yr · Your balance: $10k
ReviewedNext review by Published Methodology v2026.11.1
How this page is reviewed
Reviewed means every product ranked on this page was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
No provider can pay for a position in this table. The code that computes this order cannot read which links carry a referral code, and every build proves it. Every score below rebuilds from the published criteria.Ranking v2026.11.1 · 4 criteria · 7 products · same inputs, same order
How we review · 7 ranked of 15 assessed · 4 criteria · 0 sponsor weight
How we review
7ranked
15assessed
4criteria
0sponsor weight
Recommendation first, comparison only if needed.
Reviewed and rechecked on the current cycle.
Commercial relationships disclosed before clickout.
Personal comparison
What tokenised funds cost you
Your inputs update the cost column. The independent ranking stays fixed.
The annual management fee on your balance. Excludes performance fees, spreads and any redemption charge.
RankProviderBest fitScoreYour cost
1
WIWisdomTree Digital FundsReal 1940 Act funds at 0.05% — the chea...Top ranked
Liquidity — 10/10Trade-off: US investors only — non-US buyers cannot access it at all
83score
Lowest at your inputs
Check availability for your country
WisdomTree Digital Funds · wisdomtree.com. Provider links appear once we know which country you are browsing from: ChainChoice links to providers only where it serves in full.
Commission: This provider pays ChainChoice nothing for this link. Disclosure
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
2
Janus Henderson Anemoy AAA CLO Fund (JAAA)0.50% for the token — the SAME manager’...
Liquidity — 9/10Trade-off: 0.50% management fee plus unquantified third-party fees, versus 0.20% all-in for the...
71score
your cost/yr
Check availability for your country
Janus Henderson Anemoy AAA CLO Fund (JAAA) · app.centrifuge.io. Provider links appear once we know which country you are browsing from: ChainChoice links to providers only where it serves in full.
Commission: This provider pays ChainChoice nothing for this link. Disclosure
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
3
Bitwise Crypto Carry Fund (USCC)The crypto basis trade in a Delaware tr...
Claim distance — 8/10Trade-off: Qualified purchasers only ($5M+ test) with a $100,000 minimum — accredited is not enough
68score
your cost/yr
Check availability for your country
Bitwise Crypto Carry Fund (USCC) · bitwiseinvestments.com. Provider links appear once we know which country you are browsing from: ChainChoice links to providers only where it serves in full.
Commission: This provider pays ChainChoice nothing for this link. Disclosure
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
4
ADDXMAS-licensed Singapore venue — non-US a...
Liquidity — 5/10Trade-off: Accredited investors ONLY — the low minimum does not lower the eligibility bar
56score
-Not published
Check availability for your country
ADDX · addx.co. Provider links appear once we know which country you are browsing from: ChainChoice links to providers only where it serves in full.
Commission: This provider pays ChainChoice nothing for this link. Disclosure
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
5
KAIOFeeders into Brevan Howard and Hamilton...
Access — 3/10Trade-off: NO published fee schedule — the platform layer is unknown before onboarding
41score
-Not published
Check availability for your country
KAIO · kaio.xyz. Provider links appear once we know which country you are browsing from: ChainChoice links to providers only where it serves in full.
Commission: This provider pays ChainChoice nothing for this link. Disclosure
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
Same score, not joint · ordered by weighted total (34.30 against 33.20)
6
Blockchain Capital BCAP2017-vintage tokenised VC fund — there...
Fee vs alternative — 3/10Trade-off: NO investor redemption right — only the issuer may redeem, at its option, after ten y...
41score
your cost/yr
Check availability for your country
Blockchain Capital BCAP · securitize.io. Provider links appear once we know which country you are browsing from: ChainChoice links to providers only where it serves in full.
Commission: This provider pays ChainChoice nothing for this link. Disclosure
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
1 more assessed and ranked below — none of them hidden for commercial reasons.
Ranked on 4 published criteria weighted 30/26/24/20, which set goal alignment — 30 of the 86 points. The rest: regional access 20, evidence depth 18 (constant here), ease of use 10, institutional trust 8. Profile match is shown in breakdowns but carries no weight.
How you can lose money here, and what the ranking scores
Insolvency failure: the firm or issuer that owes you cannot pay.
Scored by What you own and against whom · 30% (WisdomTree Digital Funds 9/10, Janus Henderson Anemoy AAA CLO Fund (JAAA) 7/10, Bitwise Crypto Carry Fund (USCC) 8/10)
Regulatory failure: no licence where you are, or a forced market exit.
Scored by Who can subscribe · 20% (WisdomTree Digital Funds 8/10, Janus Henderson Anemoy AAA CLO Fund (JAAA) 4/10, Bitwise Crypto Carry Fund (USCC) 2/10)
Exit failure: you cannot get out at par, on time, or with what is yours.
Scored by Redemption mechanics · 26% (WisdomTree Digital Funds 10/10, Janus Henderson Anemoy AAA CLO Fund (JAAA) 9/10, Bitwise Crypto Carry Fund (USCC) 8/10)
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Information failure. A high place says nothing about these; the Methodology tab says what each means.
Also scored, as cost, quality or a summary of several families: Fee load vs the cheapest equivalent (24%).
Audit
Infrastructure
Methodology
2026.11.1
published 10 November 2026
Providers tracked
860+
across 121 categories
Last verified
22 October 2026
newest dated pricing or sentiment read
Named on the roster
2 people
managing directors · 6 automated processes
Decision guide
What matters most before choosing in this category
The best tokenised fund depends on what you actually own and against whom. A registered fund share, a feeder interest and an SPV note are not equivalent, and a branded manager's name on the wrapper is not evidence that the manager stands behind it. Fees are scored relatively rather than absolutely — the question is what the same strategy costs untokenised, and a tokenised share class charging materially more than the identical manager's own ETF is the finding rather than a footnote.
Do you own a registered fund share, a feeder interest, or an SPV note — and against whom does the claim run?
Do you have an investor-side redemption right, or only an issuer option with queue caps?
Do you have an investor-side redemption right, or only an issuer option?
Current engine lead
The #1 overall and the scoring weights
WI
WisdomTree Digital FundsData checked Oct 2026
Real 1940 Act funds at 0.05% — the cheapest wrapper here by an order of magnitude
Real 1940 Act funds at 0.05% — the cheapest wrapper here by an order of magnitude. Strongest on redemption mechanics (10/10): WisdomTree Connect states subscriptions and redemptions generally settle shortly after the 4:00 pm ET NAV strike, so holders exit daily at that day's NAV; neither the Connect FAQ nor the SPXUX fact sheet sets a queue cap or pro-ration. Weakest on who can subscribe (8/10): Retail investors can buy through the WisdomTree Prime app, which WisdomTree says is available in all 50 US states; the SPXUX page is marked for U.S. investors only, so investors outside the United States cannot buy. Published price: WisdomTree 500 Digital Fund (SPXUX) fact sheet (WisdomTree, data as of 06/30/2026, read 22 October 2026): "Gross Expense Ratio 0.05%" and "Net Expense Ratio 0.05%", so the flagship carries 0.05% a year with no fee waiver that can lapse: an ordinary mutual-fund…
Best forLiquidity — 10/10
Main tradeoffUS investors only — non-US buyers cannot access it at all
Verify before signupWisdomTree 500 Digital Fund (SPXUX) fact sheet (WisdomTree, data as of 06/30/2026, read 22 October 2026): "Gross Expense Ratio 0.05%" and "Net Expense Ratio 0.05%", so the flagship carries 0.05% a year with no fee waiver that can lapse: an ordinary mutual-fund expense ratio, not a tokenisation premium, and the lowest load in this category by an order of magnitude. The same fact sheet states "WisdomTree’s Digital Funds are open-end mutual funds registered with the SEC under the 1940 Act". WisdomTree Connect FAQ (wisdomtreeconnect.com, read 22 October 2026): "There are no transaction, subscription or minting fees or other service fees for transactions. Investors are responsible for gas fees* and potentially burn fees** if utilizing USDC via the stablecoin conversion service." Redemption is daily at NAV: "Subscriptions and redemptions generally settle shortly after the NAV strike at 4:00 pm ET."
Weighted criteria
What you own and against whom30%
Redemption mechanics26%
Fee load vs the cheapest equivalent24%
Who can subscribe20%
Methodology
How this category is reviewed
Reviewed on what you own and against whom, redemption mechanics, fee load vs the cheapest equivalent, and who can subscribe.
The order on this page is the published ranking for this category. Every criterion, weight and source behind it is on the methodology page.
Frequently asked
Questions people ask before choosing tokenised funds
What do I actually own when I hold a tokenised fund?
Tokenised funds make the most sense when you want managed strategy exposure onchain and can accept that you usually hold a feeder or note rather than the fund itself, without the same volatility as broader crypto assets.
Why compare fees against an ETF rather than against each other?
Because the alternative to a tokenised fund is almost never another tokenised fund - it is the ordinary ETF or fund share holding the same underlying, which anyone can already buy. Scoring these against each other would make the cheapest of them look good even if all of them cost several times the untokenised route. Measuring each against the cheapest equivalent way to hold the same exposure is the only comparison that answers what the wrapper actually costs you
What matters most when choosing a tokenised fund?
What the investor owns and what it costs against the cheapest equivalent route. Where a tokenised share class charges materially more than the same manager's own ETF, that gap is the finding.
Reviewed22 October 2026Method4 criteriaCategorytokenised_funds
Not financial advice · For informational purposes only · Always do your own research
