NYLIM and Centrifuge unveil tokenized high-yield bond fund
6.7 Investments NYLIM and Centrifuge launched a tokenized high-yield bond fund, enabling eligible investors to access NYLIM’s strategy onchain with USDC settlements. This marks NYLIM’s first tokenized product.
New York Life Investment Management (NYLIM) has partnered with Centrifuge to launch its first tokenized fund, the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio (ticker: HYB). This innovative fund is among the first onchain high-yield corporate bond strategies, giving eligible investors access to NYLIM’s institutional bond expertise via Centrifuge’s blockchain platform. Subscriptions and redemptions are settled in Circle’s USDC stablecoin, and the fund is structured under British Virgin Islands regulations. This launch signals a shift in the tokenization market from low-risk assets to more complex fixed-income products, offering near-instant liquidity and streamlined access for qualified investors. NYLIM manages around $807 billion in assets, making this collaboration potentially Centrifuge’s largest institutional partnership. Centrifuge, which has already tokenized over $2 billion in real-world assets, continues to expand its Wall Street relationships. Details such as issuance size and yield remain undisclosed, as the product targets institutional buyers.
