New York Life's $807 billion asset manager launches first tokenized bond fund with Centrifuge

New York Life Investment Management launched its first tokenized fund, a high-yield corporate bond strategy on Centrifuge, with subscriptions and redemptions settled in USDC.

• NYLIM's $807 billion asset management arm brings a U.S. high-yield corporate bond strategy onto blockchain rails.
• Eligible investors can subscribe and redeem using Circle's USDC stablecoin.
• The fund joins a wave of Wall Street tokenization efforts from BlackRock, Franklin Templeton, Apollo, and Janus Henderson.
• The tokenized real-world asset market has grown to over $30 billion, with Citi projecting $5.5 trillion by 2030.

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