New York Life makes first tokenized move partnering with Centrifuge on high-yield corporate bond strategy
The Block·
60-second summary
New York Life makes its first tokenized move by partnering with Centrifuge on a high-yield corporate bond strategy, offering eligible investors access to its established institutional high-yield fund. The tokenized fund aims to provide liquidity and flexibility, potentially attracting a broader investor base. This move may expand access to previously inaccessible investment opportunities in the corporate bond market.
The tokenized fund will enable eligible investors to access NYLIM’s established institutional high-yield strategy.