Centrifuge brings New York Life’s high-yield bond strategy onchain

Centrifuge has launched the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, marking New York Life Investment Management's first foray into tokenized assets. The fund, trading under the ticker HYB, provides qualified non-US investors with exposure to sub-investment-grade US corporate debt, targeting a 7.24% yield to worst. Built on the Centrifuge platform, the product utilizes USDC for subscriptions and redemptions while operating across the Avalanche blockchain and Circle’s Arc infrastructure. Although NYLIM oversees approximately $807 billion in total assets, this specific tokenized vehicle held roughly $638,000 in assets under management as of early November 2026. The fund is domiciled in the British Virgin Islands and requires a minimum investment of $100,000, reflecting its focus on institutional and qualified participants. By separating portfolio management from onchain distribution, the collaboration demonstrates how traditional asset managers can leverage blockchain for settlement efficiency. This development highlights the ongoing trend of institutional firms testing tokenization for high-yield strategies while maintaining strict regulatory compliance through investor restrictions.