New York Life collaborates with Centrifuge to launch the first tokenized high-yield bond fund BlockBeats News: On June 30th, New York Life Investment Management (NYLIM, with assets under management of $807 billion), a subsidiary of life insurance giant New York Life, announced a partnership with tokenization platform Centrifuge to launch its first blockchain investment product - NYLIM Anemoy US High Yield Corporate Bond Independent Portfolio (HYB), bringing its US High Yield Corporate Bond strategy to the blockchain. Eligible investors can use the USDC stablecoin issued by Circle to subscribe and redeem shares, while the underlying investment portfolio remains managed by New York Life. This collaboration further expands Centrifuge's portfolio of asset management partners. Previously, the platform had provided tokenization services to institutions such as Apollo and Janus Henderson, and related assets are increasingly being integrated into DeFi protocols such as Aave and Morpho. Centrifuge is also Coinbase's preferred tokenization partner and has received strategic investment from the latter. According to rwa.xyz data, the current market size of tokenized real-world assets (excluding stablecoins) has exceeded $30 billion. Citigroup predicts that the size of the tokenized asset market is expected to reach $5.5 trillion by the 2030s; Standard Chartered Bank predicts that the market size will expand to $2 trillion by 2028. The focus of institutional layout is gradually expanding from early tokenized US bond funds to broader asset classes such as private equity loans, stocks, and corporate bonds. [Original link]