New York Life launches first on-chain high-yield corporate bond fund with Centrifuge

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ME News, June 30 (UTC+8), New York Life Investment Management (NYLIM) has partnered with Centrifuge to launch the tokenized fund NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio (ticker: HYB). This is New York Life's first tokenized product and one of the few on-chain strategies focused on high-yield corporate bonds. The fund is issued on the Centrifuge platform, with subscriptions and redemptions settled in Circle's stablecoin USDC. The underlying investments are managed by NYLIM, while Centrifuge provides tokenization technology and a BVI segregated portfolio structure. Investors, as shareholders, have direct claims on the underlying assets. The product is currently not available to U.S. investors, targeting stablecoin issuers, DeFi users, and DAO treasuries seeking higher yields. Centrifuge generates revenue by charging fees based on assets under management and remains in an expansion phase. (Source: PANews)
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