RedStone announces that its instant settlement product, RedStone Settle, will integrate with the U.S. high-yield corporate bond fund HYB, tokenized by Centrifuge and managed by New York Life Investment Management (NYLIM). This integration provides the fund with a T+0 on-chain exit and settlement mechanism. Previously, HYB had a redemption cycle of T+3 to T+5. RedStone Settle enables bidding through KYC-verified and whitelisted liquidity providers. When redemption, settlement, or deleveraging needs arise, the winning bidder receives the fund shares and provides immediate liquidity, with transactions achieving atomic settlement within the same block. Liquidity providers then exit through the fund's original redemption process and earn the corresponding spread. This mechanism eliminates the need for issuers to pre-provide additional liquidity. (Cryptonomist) https://(wublock123.com)/news/redstone-enables-t0-onchain-exit-for-nylif-tokenized-bond-fund-hyb-67614