New York Life IM to Debut First Tokenized Fund on Avalanche Through Centrifuge

AI Market Summary

New York Life Investment Management’s launch of its first tokenized fund (HYB) on Avalanche via Centrifuge signals continued institutional adoption of onchain credit rails. Bringing a U.S. high-yield corporate bond strategy onchain broadens real-world asset distribution and may support Avalanche ecosystem activity through increased institutional participation, settlement flows, and credibility for tokenized fixed-income products among qualified investors.

Impact level

● Medium

Affected assets

AVAX/USDT+4.71%

AI Insight · AVAX/USDTAI Insight

▲ Bullish

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New York Life Investment Management (NYLIM) is set to roll out its first tokenized fund, HYB, on the Avalanche network on Sept. 17 (UTC+8), according to ME News. Launched via Centrifuge, HYB tokenizes NYLIM's U.S. high-yield corporate bond strategy, giving qualified investors on-chain access to institutional-grade credit exposure directly on Avalanche. (Source: ChainCatcher)

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