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NYLIM Launches Tokenized High Yield Bond Fund | Business and Finance News
Description
New York Life Investment Management just launched its first tokenized bond fund, partnering with Centrifuge to offer a high-yield corporate bond strategy accessible via blockchain for crypto-native investors. The fund, called the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, uses tokens on Centrifuge’s platform settled in USDC, streamlining access without altering traditional investment or risk management. NYLIM emphasizes transparency, efficiency, and broader market access as key drivers, while Centrifuge sees it as part of a larger institutional shift toward decentralized finance. Notably, the fund is not available to U.S. investors, reflecting cautious regulatory navigation. This marks a significant step as Wall Street explores tokenization to modernize finance and open institutional strategies to a new generation of investors.
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