New York Life To Bring Bonds Onchain via Tokenization Pact with Centrifuge

New York Life Investment Management (NYLIM) announced on 30 Jun a partnership with tokenization platform Centrifuge to bring a high-yield corporate bond strategy onchain, broadening

• New York Life Investment Management (NYLIM) is partnering with Centrifuge to tokenize a high-yield corporate bond strategy, expanding onchain fixed-income offerings.
• Investors can subscribe/redeem shares using USDC, with NYLIM managing the underlying portfolio, targeting eligible international investors.
• This move signifies market expansion beyond lower-risk assets like US Treasuries, indicating growing institutional adoption and demand for diversified onchain portfolios.

Topics: Asset types, Institutional adoption, Integration with defi, Financial instruments, Asset manager initiatives, Rwa collateral lending

Tags: #newyorklife #centrifuge #tokenization #highyieldcorporatebonds #onchain #fixedincome #usdc #assetmanagers #blockchain

Read more