New York Life launches first tokenized bond portfolio on Centrifuge
The $807 billion asset manager’s NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio uses USDC for subscriptions and redemptions and targets non-U.S. stablecoin issuers, DeFi participants, and DAO treasuries.
New York Life Investments Management, part of an $807 billion asset manager, has launched the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio on Centrifuge, marking New York Life’s first tokenized financial product. The strategy brings a high-yield corporate bond portfolio onto blockchain infrastructure, extending tokenization in traditional finance beyond the Treasury funds that have dominated early real-world asset adoption. Subscriptions and redemptions settle in Circle’s USDC, and the product is not currently available to U.S. investors. It is aimed at stablecoin issuers, DeFi participants, and DAO treasuries seeking yield through a tokenized corporate bond strategy.
- Centrifuge: A blockchain platform and real-world asset infrastructure provider for tokenized financial products.
- Tokenization: Converting ownership or fund exposure into blockchain-based digital tokens and processes.
- High-yield corporate bonds: Company debt that pays higher interest because it carries higher credit and default risk than government debt.