RedStone plans to enable instant within-block exits for holders of Centrifuge's tokenized NYLIM US High Yield Bond Fund via off-chain auctions lasting ~300 milliseconds. Its Settle service is being integrated into the fund to address liquidity issues in tokenized assets, potentially boosting institutional adoption.
RedStone announced plans to provide instant within-block exits for holders of the tokenized NYLIM US High Yield Bond Fund, managed by Centrifuge, through off-chain auctions lasting approximately 300 milliseconds. The company said its Settle service is being integrated into the fund to tackle the common liquidity problem faced by tokenized assets. This move allows investors to redeem their positions quickly without waiting for traditional settlement cycles, potentially increasing institutional appetite for tokenized credit products.
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