New York Life Investment Management (NYLIM), the asset management arm of New York Life Insurance Company, has partnered with decentralized protocol Centrifuge to launch a tokenized US high-yield corporate bond strategy. The fund, named NYLIM Anemoy US High Yield Corporate Bond Segregated Portfolio (HYB), is the firm's first tokenized investment product.
According to the announcement, eligible investors will be able to subscribe for and redeem shares using the USDC stablecoin, enabling efficient on-chain settlement. The product combines the yield potential of traditional high-yield bonds with the transparency and liquidity benefits of blockchain technology, targeting institutional and accredited investors.
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