Onchain fixed income has mostly meant Treasuries and AAA CLOs.

HYB changes that.
New York Life Investment Management’s high yield corporate bond strategy is now tokenized on Centrifuge.
Performance:
7.28% in 2025
6.88% in 2024
11.40% in 2023
This isn’t passive treasury yield.
This is active credit judgment — deciding which issuers get paid, applied consistently across a portfolio for years.
That judgment is now onchain.
Tokenization starts at launch. The real value compounds afterward: lending markets, leverage rails, yield vaults. Each new integration expands what the asset can actually do.
Centrifuge continues moving up the credit curve:
Treasuries first
AAA CLOs next
Now institutional high yield with a proven multi-year track record
$CFG