Centrifuge's HYB token receives A rating from Particula, boosting credibility of tokenized high-yield bonds
The NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio (HYB), a tokenized corporate bond fund, has received an A rating from independent risk assessor Particula. Launched on June 30, 2026, the fund utilizes Centrifuge’s infrastructure to bring high-yield corporate debt onchain, with portfolio management provided by New York Life Investment Management, which oversees approximately $807 billion in assets. Unlike traditional credit ratings, Particula’s PDARF framework evaluates the structural integrity and counterparty risks inherent in the tokenization layer itself. This development marks a significant shift in the RWA market, moving beyond the dominance of tokenized Treasuries toward more complex, higher-yield credit products. The fund, which operates as a BVI segregated portfolio and uses USDC for subscriptions, recently integrated with Symbiotic Liquid Lane to improve liquidity. With over $2 billion in total tokenized assets on its platform, Centrifuge continues to expand its offerings across the risk spectrum. This rating provides institutional investors with a standardized assessment of the technical and structural robustness of onchain fixed-income products.
- ▸Particula assigned an A rating to the NYLIM Anemoy HYB fund on August 20, 2026.
- ▸New York Life Investment Management manages the underlying portfolio for the BVI-structured fund.
- ▸Centrifuge infrastructure supports over $2 billion in total tokenized real-world assets.
- ▸HYB integrated with Symbiotic Liquid Lane to enhance onchain liquidity for investors.
Centrifuge is a decentralized finance protocol designed to bridge real-world assets to the blockchain by providing the infrastructure for tokenizing private credit and fixed-income products. It enables issuers to create onchain representations of assets, allowing investors to access yields from traditional markets through a transparent, decentralized framework.