OpenEden Brings Tokenized High-Yield Bonds to BNB Chain with BNY Backing

OpenEden has expanded its tokenized high-yield bonds to BNB Chain, a move that brings institutional bond strategies further into decentralized finance. The launch of HYBOND on BNB Chain marks the first time OpenEden's tokenized credit fund has operated outside of Ethereum since its debut.

The Global Short-Dated High Yield Bond strategy run by BNY Investments underlies the HYBOND token, providing eligible investors with blockchain-based tokens that mirror the strategy's performance on a 1:1 basis. This means holders are not buying a synthetic derivative but a token representing direct exposure to a professionally managed bond portfolio.

BNY Investments manages the assets behind the HYBOND token, and its performance is tied directly to a traditional, professionally run bond strategy rather than an algorithmic or purely crypto-native yield mechanism. This structure is part of why OpenEden frames tokenization as a bridge rather than a replacement for conventional asset management.

RedStone's oracle infrastructure will deliver HYBOND's net asset value in a verified, smart contract-readable format on BNB Chain. The company also plans to deploy RedStone Settle, a settlement layer designed to solve one of tokenized credit's biggest friction points: redemption timing. Traditional bond funds often take several days to process redemptions, creating a mismatch with the instant expectations of DeFi.

RedStone's co-founder Marcin Kazmierczak tied this infrastructure to a wider shift happening across tokenized markets. 'Tokenized credit is moving beyond the cash-equivalent assets that have dominated the market,' he said. 'Bringing higher-yield credit onchain requires infrastructure that can handle how these assets are actually priced and settled.'