New York Life Investment Management Partners With Centrifuge to Tokenize High-Yield Bond Strategy

New York Life Investment Management is collaborating with Centrifuge to bring a US high-yield corporate bond strategy onchain. The product will be built on the Avalanche blockchain, utilizing USDC for subscriptions and redemptions. Access to the tokenized fund is limited to qualified institutional buyers, marking a shift toward tokenizing actively managed credit strategies beyond traditional government debt.