New York Life Investment Management and Centrifuge launched a tokenised high-yield bond strategy.
It comes as major asset managers increasingly used blockchain infrastructure to distribute traditional investment products.
Thomas Sy, head of multi-asset solutions at New York Life Investment Management, said tokenisation could expand access to investment strategies and improve distribution.
“Tokenisation represents a compelling evolution in how investment solutions can be accessed, managed and distributed across both public and private markets,” he said.
The NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, trading under the ticker HYB, marks New York Life Investment Management’s first tokenised fund offering.
The product gives eligible investors onchain access to the asset manager’s U.S. High Yield Corporate Bond Strategy through Centrifuge’s tokenisation platform, with subscriptions and redemptions settled in USDC.
New York Life Investment Management oversees about $807bn in assets and ranks among the world’s largest active asset managers, according to the companies.
The firms said the underlying investment portfolio, risk management process and strategy would remain unchanged despite being distributed through digital infrastructure.
Anil Sood, co-founder and chief strategy officer of Centrifuge Labs, said the launch addressed demand from blockchain-based investors for institutional-quality fixed-income products.
“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,” he said.
The partnership is one of the first examples of a high-yield corporate bond strategy being made available directly on blockchain rails, reflecting a broader push by traditional asset managers into tokenised finance.
Market interest in tokenised assets has accelerated as institutions seek faster settlement, greater transparency and more efficient distribution channels. McKinsey said tokenisation had moved from pilot projects towards scaled deployment across financial markets.
The wider tokenised real-world asset market reached about $23.6bn in early 2026, with tokenised funds representing the largest segment, according to industry data.
Boston Consulting Group has estimated tokenised fund assets could exceed $600bn by 2030 as adoption grows among mainstream financial institutions.
