New York Life's $800 billion asset manager makes tokenization debut with Centrifuge fund
CoinDesk·
60-second summary
New York Life's $807 billion asset manager enters the tokenization space with a high-yield corporate bond strategy on blockchain through Centrifuge. This move marks a significant expansion beyond tokenized Treasury funds, a trend seen on Wall Street. The debut is expected to bring increased liquidity and efficiency to corporate bond markets, potentially disrupting traditional investment structures.
The $807 billion asset manager is bringing a high-yield corporate bond strategy onto blockchain with Centrifuge as Wall Street expands beyond tokenized Treasury funds.