New York Life Partners with Centrifuge to Launch On-Chain Corporate Bond Tokenized Fund

Odaily reported that NYLIM, the investment management arm of New York Life, has partnered with RWA infrastructure provider Centrifuge to launch a tokenized fund named NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, under the ticker HYB.

This fund marks New York Life's first tokenized financial product and is one of the few on-chain products in the market focusing on high-yield corporate bonds. The fund is listed on the Centrifuge platform, with subscriptions and redemptions settled exclusively in USDC stablecoins issued by Circle. The underlying bond assets are managed solely by NYLIM, while Centrifuge provides tokenization technology and the BVI segregated portfolio structure. Investors, as shareholders, retain recourse rights to the underlying assets.

The product is currently not available to U.S. investors, targeting stablecoin issuers, DeFi participants, and DAO treasuries seeking yield-generating opportunities. Centrifuge generates service fees based on assets under management to sustain operations, and the business continues to expand. (TheBlock)