New York Life Launches Tokenized High-Yield Bond Fund in Partnership with Centrifuge
New York Life, a major asset manager with $807 billion in assets, is entering the blockchain space by launching a high-yield corporate bond fund in collaboration with Centrifuge.
New York Life has announced its first foray into tokenization with a new high-yield corporate bond fund, developed in partnership with Centrifuge. This move is part of a broader trend on Wall Street, which is increasingly exploring tokenized financial products.
The fund aims to attract eligible investors seeking opportunities in high-yield corporate bonds. This initiative represents a significant milestone in the adoption of blockchain technology by established asset managers.
With assets under management totaling $807 billion, New York Life's entry into this space could signal a shift in investment strategies among large financial institutions, as they look to innovate and expand their offerings.
Updates
Update at 20:46 UTC on 2026-06-30
Decrypt reported The tokenized NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio is launching in collaboration with Centrifuge.
Sources: Decrypt