New York Life makes tokenization debut with onchain high-yield bond fund with Centrifuge
New York Life has partnered with Centrifuge to launch a tokenized version of its U.S. High Yield Corporate Bond Strategy. This move reflects a growing trend among major asset managers to adopt blockchain technology for fund distribution.
Why it matters
Institutional adoption of tokenization could modernize financial infrastructure by improving settlement efficiency and asset accessibility.
The firm said Tuesday it is partnering with tokenization platform Centrifuge to launch a blockchain-based version of its U.S. High Yield Corporate Bond Strategy. The fund, called the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio (HYB), is the firm's first tokenized investment product.
The article reports on a corporate partnership and industry trends without taking a stance on the technology's efficacy.
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