New York Life Investment Management launches tokenized high-yield bond fund with Centrifuge
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New York Life Investment Management has launched a tokenized high-yield bond fund in partnership with Centrifuge, marking the asset manager's first foray into onchain fund distribution. The fund brings a traditional high-yield bond strategy onto blockchain rails, where tokenization is intended to improve liquidity and operational efficiency in bond markets. The move signals growing acceptance of blockchain infrastructure among mainstream financial institutions. Terms of the fund, including its size and the chains involved, were not detailed in the announcement. What to watch next is whether other large asset managers follow with similar tokenized fixed-income products and how quickly the fund attracts capital.
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Named in this story
New York Life Investment Management, Centrifuge