New York Life Investment Management, the asset management arm of a company that’s been around since before the Civil War, just brought one of its institutional bond strategies onchain. The firm has partnered with Centrifuge to launch a tokenized version of its US High Yield Bond Fund, now listed as an active pool on Centrifuge’s blockchain infrastructure.
What the fund actually does
The tokenized fund gives eligible investors access to NYLIM’s established institutional high-yield bond strategy through blockchain-based rails. Instead of the usual paperwork-heavy process of investing in a high-yield bond fund, qualified investors can now gain exposure through a tokenized structure on Centrifuge’s platform.
Centrifuge has facilitated over $2 billion in tokenized real-world assets to date. The protocol has evolved from its DeFi roots into something closer to an institutional-grade platform, supporting deployments across multiple chains and working with partners including Apollo and Janus Henderson.
The fund is now visible as an active pool on Centrifuge’s blockchain explorer, though specific details like issuance size and yield figures haven’t been publicly disclosed. That’s typical for products aimed at qualified institutional buyers rather than retail investors.
