Centrifuge's HYB Token Earns A Rating from Particula
Centrifuge's tokenized high-yield corporate bond fund, NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio (HYB), has been given an A rating by independent risk assessor Particula.
The HYB product represents a significant step in bringing corporate junk bonds on-chain and is part of Centrifuge's infrastructure.
Launched on June 30, 2026, HYB operates as a BVI segregated portfolio, with subscriptions and redemptions happening in USDC. New York Life Investment Management handles the actual portfolio management and investment decisions, while Centrifuge provides the tokenization rails.
The A rating was assigned by Particula on August 20, 2026, using its proprietary PDARF framework, which evaluates risks specific to tokenized assets such as counterparty exposure and structural integrity.