NYLIM Takes High-Yield Bond Strategy Onchain with Centrifuge Partnership

New York Life Investment Management (NYLIM) is taking its fixed-income strategy to the blockchain by partnering with Centrifuge. The two firms are tokenizing a US high-yield corporate bond strategy on Avalanche, targeting qualified institutional buyers.

The product will allow subscribers to use USDC for subscriptions and redemptions. This infrastructure aims to simplify operations between cash and fund interests in markets where tokenized products operate outside traditional settlement windows.

The partnership marks a significant move into actively managed credit strategies through public blockchain rails. NYLIM oversees over $300 billion in assets, making this collaboration an important development in the tokenization space.