New York Life Ventures Into Tokenization Through a Partnership With Centrifuge

• New York Life Investment Management is making its first move in asset tokenization.
• The move is enabled by a partnership with the Centrifuge institutional-grade protocol.
• Both parties have combined to deliver a High-Yield Corporate Bond Strategy (HYB).

New York Life Investment Management has reportedly entered the tokenization space through its latest partnership with Centrifuge, an institutional-grade protocol that brings real-world assets (RWAs) onto the blockchain.

On Tuesday, the firms announced the launch of the NYLIM Anemoy US High Yield Corporate Bond Segregated Portfolio (ticker: HYB). That marks MYLIM’s first tokenized offering and one of the high-yield corporate bond strategies on-chain.

The firms noted that the tokenized fund will provide eligible investors access to MYLIM’s established institutional high-yield strategy through Centifuge’s platf…

Read The Full Article New York Life Ventures Into Tokenization Through a Partnership With Centrifuge On Coin Edition.