Centrifuge has announced a partnership with New York Life Investment Management (NYLIM), one of the world's largest active asset managers with approximately $807 billion in assets under management, to launch the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio (ticker: HYB). The initiative represents NYLIM's first tokenized offering and is designed to broaden investor access to the firm's fixed income capabilities through blockchain-based digital infrastructure. The move brings one of the largest traditional U.S. asset managers into the tokenized funds space, where early entrants have so far concentrated on short-duration and treasury-backed products.

"Tokenization represents a compelling evolution in how investment solutions can be accessed, managed and distributed across both public and private markets," said Thomas Sy, Head of Multi-Asset Solutions at NYLIM. "As investor demand continues to grow around transparency, efficiency and broader market participation, we are exploring opportunities where blockchain-enabled infrastructure can complement our existing platform and deepen the value we deliver to clients."

The tokenization of NYLIM's U.S. High Yield Corporate Bond Strategy marks a significant step toward expanding access to income-oriented strategies through next-generation infrastructure. Eligible investors can now access NYLIM's established, institutional-quality high yield strategy on the Centrifuge platform for the first time, pairing institutional credit investing with global onchain access. The launch extends the tokenized asset landscape beyond money market and government securities strategies that have dominated early institutional adoption, bringing corporate credit risk onchain.

"We're proud to work with NYLIM and we're starting with a fund that fills a gap for onchain investors that existing infrastructure cannot address," said Anil Sood, CSO and Co-Founder of Centrifuge Labs. "But this is bigger than a single product: It is about moving funds onto infrastructure that is more transparent, more efficient, and more composable. NYLIM is an incredible partner and we're excited to be working with them toward that future."

The fund will be tokenized through Centrifuge's institutional fund infrastructure, with subscriptions and redemptions settled in USDC. NYLIM's underlying portfolio, investment process, and risk management framework remain unchanged. Centrifuge's platform has previously been used for tokenized credit and treasury funds, including products managed by Anemoy, the digital asset manager named in the segregated portfolio.

Tokenization of financial assets is expected to accelerate meaningfully over the coming decade as institutions seek infrastructure capable of improving operational efficiency, broadening distribution, and enabling more seamless movement of capital across markets. Major asset managers including BlackRock, with its BUIDL tokenized treasury fund, and Franklin Templeton, with its on-chain money market fund, have already launched tokenized products, signaling growing institutional engagement with blockchain-based fund distribution. As adoption progresses from experimentation toward scaled implementation, early-participating firms are helping shape how traditional financial products are issued, accessed, and integrated into increasingly digital capital markets. The expansion into corporate bond strategies signals whether tokenized fund demand will extend further along the credit risk curve.

Through this launch, NYLIM joins a growing group of asset managers exploring how tokenized infrastructure can extend the reach and utility of established investment strategies within the next generation of financial markets.

Source: Centrifuge Blog