New York Life Launches First Tokenized Bond Fund on Centrifuge Blockchain

New York Life Investment Management, managing $807 billion in assets, launched its first tokenized high-yield corporate bond fund on Centrifuge's blockchain platform, settling transactions in USDC.

• NYLIM's $807B asset manager launches tokenized high-yield bond fund under ticker HYB.
• The fund uses Centrifuge's blockchain platform with subscriptions and redemptions in USDC stablecoin.
• The investment strategy and risk management remain unchanged from the traditional fund.
• The product is not available to US persons, reflecting regulatory caution around tokenization.
• Centrifuge also provides tokenization infrastructure for Apollo and Janus Henderson.

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Last updated 1 Jul 2026