
Tokenized High-Yield Bonds Expand with HYBOND on BNB Chain
OpenEden has expanded its tokenized HYBOND credit fund from Ethereum to the BNB Chain, marking a significant step in making high-yield bond strategies accessible to a broader range of on-chain developers. The fund provides 1:1 tokenized exposure to BNY Investments’ Global Short-Dated High Yield Bond strategy, moving beyond the cash-equivalent assets that have historically dominated the RWA sector. To facilitate this, RedStone provides verified oracle data that publishes the fund's administrator-struck net asset value directly to smart contracts. Furthermore, the partnership introduces RedStone Settle, an infrastructure layer designed to enable T+0 settlement by connecting token holders with KYC-verified liquidity providers. This mechanism addresses the traditional multi-day redemption friction inherent in bond funds, aligning them with the instant expectations of decentralized finance. The deployment represents a shift toward more complex, higher-yield credit products within the tokenization market. By testing whether infrastructure built for low-volatility assets can scale to riskier credit, this move provides a critical case study for institutional asset managers. Ultimately, the expansion highlights the growing role of specialized oracle and settlement layers in bridging the gap between traditional finance and DeFi ecosystems.








