New York Life Investment Management, one of the country's largest active asset managers, is moving a piece of its fixed-income business onto the blockchain, partnering with tokenization platform Centrifuge to offer a high-yield corporate bond strategy to crypto-native investors.
The companies announced Tuesday the launch of the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, trading under the ticker HYB. It is NYLIM's first tokenized product, and one of the earliest attempts to bring a high-yield bond fund onto public blockchain infrastructure, according to the announcement.
NYLIM manages roughly $807 billion in assets. Under the arrangement, the firm's existing high-yield strategy—including its investment process and risk management—will remain unchanged, but eligible investors will be able to buy in through tokens issued on Centrifuge's platform, with subscriptions and redemptions settled in the stablecoin USDC.
Thomas Sy, NYLIM's head of multi-asset solutions, said in a statement that tokenization reflects investor demand for "transparency, efficiency and broader market participation," and that the firm sees blockchain infrastructure as a complement to its traditional platform rather than a replacement.
Centrifuge co-founder Anil Sood framed the deal as part of a broader push to migrate institutional funds onto more "transparent" and "composable" digital rails, rather than a one-off product launch. Centrifuge already provides tokenization infrastructure for other large asset managers, including Apollo Global Management and Janus Henderson.
The fund is not being offered to U.S. persons or within the United States, the companies said, underscoring the regulatory caution that continues to shape how traditional asset managers experiment with tokenized products.
The deal arrives as Wall Street firms increasingly explore tokenization, the process of issuing traditional financial assets as digital tokens on a blockchain, as a way to modernize back-office plumbing and potentially widen access to institutional-grade investment strategies for a new class of investors operating in decentralized finance markets.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。