OpenEden is expanding HYBOND, its tokenized credit fund, from Ethereum to BNB Chain. The product gives eligible investors 1:1 onchain exposure to BNY Investments' Global Short-Dated High Yield Bond strategy, whose underlying assets are managed by BNY Investments, part of BNY. RedStone will provide an oracle (blockchain data service) that publishes HYBOND's administrator-struck net asset value onchain in a format usable by smart contracts (self-executing blockchain code). The companies also plan to deploy RedStone Settle, an infrastructure service intended to enable T+0 settlement by linking HYBOND holders with KYC-verified liquidity providers that absorb the fund's multi-day redemption cycle. OpenEden said the move broadens tokenized fixed-income products beyond Treasuries and other cash-equivalent assets. HYBOND is RedStone's third tokenized credit fund pricing deployment this year, after HINC from Neuberger Berman and HYB from NYLIM.