[Avalanche Partners with NYLIM to Launch Tokenized High-Yield Corporate Bond Fund HYB] Centrifuge announced that the High-Yield Corporate Bond Strategy Fund HYB, managed by New York Life Investment Management (with approximately $807 billion in assets under management), has been launched on Avalanche, offering tokenized exposure to U.S. high-yield corporate bond portfolios for qualified investors. This product, managed by NYLIM, expands the institutional-grade asset classes on Avalanche beyond U.S. Treasury bonds and short-duration products through on-chain tokenization. Currently, Avalanche hosts approximately $1.4 billion in stablecoins and over $500 million in DeFi total value locked, providing an on-chain liquidity foundation for such institutional strategies. Industry experts caution that high-yield corporate credit carries default and liquidity risks compared to short-duration U.S. Treasury bonds.