New York Life brings first tokenized fund to Avalanche via Centrifuge
New York Life Investment Management (NYLIM), an asset manager with roughly $807B in assets, is bringing its first tokenized fund to Avalanche through tokenization platform Centrifuge. Via the HYB token, NYLIM's U.S. High Yield Corporate Bond Strategy is moving onchain, giving eligible investors access to institutional-grade credit directly on the network.
Cointelegraph amplified the news as a major institutional step for tokenized credit on Avalanche, and the Avalanche team again spotlighted the launch in a recap of its Summit NYC week announcements, leading with NYLIM's move among an outsized batch of onchain finance news from the event.
Sources
- Missing Summit already? Us too. Here’s what was announced, launched, unveiled, or teased last week alone: - $807B New York Life Investment Management is bringing its first tokenized fund to Avalanche through @centrifuge, putting its U.S. High Yield Corporate Bond Strategy https://t.co/VUM0GZ7oytx.com ↗
- RT @Cointelegraph: 🔥 NEW: $807B New York Life Investment Management brings its first tokenized fund to Avalanche via Centrifuge. https://t…x.com ↗
- More from @centrifuge: https://t.co/SqhucZOXWQ Replying to their earlier post: BREAKING: $807B New York Life Investment Management is bringing its first tokenized fund to Avalanche Through Centrifuge, HYB brings NYLIM’s U.S. High Yield Corporate Bond Strategy onchain, giving el…x.com ↗
- BREAKING: $807B New York Life Investment Management is bringing its first tokenized fund to Avalanche Through Centrifuge, HYB brings NYLIM’s U.S. High Yield Corporate Bond Strategy onchain, giving eligible investors access to institutional-grade credit directly on Avalanche. https://t.co/YLkKcBB5L5x.com ↗
