New York Life makes tokenization debut with onchain high-yield bond fund with Centrifuge
The $807 billion asset manager is bringing a high-yield corporate bond strategy onto blockchain with Centrifuge as Wall Street expands beyond tokenized Treasury funds.
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Summary
- New York Life Investment Management, the $807 billion asset management arm of major life insurer New York Life, is launching its first tokenized fund with Centrifuge.
- The offering brings a U.S. high-yield corporate bond strategy onchain, with subscriptions and redemptions settled in USDC stablecoin.
- The move expands tokenization beyond Treasuries and private credit into higher-yield fixed-income products.
