New York Life Investment Management Partners with Centrifuge to Tokenize U.S. High Yield Corporate Bond Strategy

Centrifuge today announced a partnership with New York Life Investment Management (NYLIM), one of the largest active asset managers globally with approximately $807 billion in AUM, to launch the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio (ticker: HYB). This marks NYLIM’s first tokenized offering, helping expand investor access to the firm’s fixed income capabilities through digital infrastructure

“Tokenization represents a compelling evolution in how investment solutions can be accessed, managed and distributed across both public and private markets,” said Thomas Sy, Head of Multi-Asset Solutions, NYLIM. “As investor demand continues to grow around transparency, efficiency and broader market participation, we are exploring opportunities where blockchain-enabled infrastructure can complement our existing platform and deepen the value we deliver to clients.” 

The tokenization of NYLIM’s U.S. High Yield Corporate Bond Strategy, marks a significant step toward expanding access to income-oriented strategies through next-generation infrastructure.   Eligible investors can now access NYLIM’s established, institutional-quality high yield strategy on Centrifuge’s platform for the first time — pairing institutional credit investing with global onchain access. 

“We're proud to work with NYLIM and we're starting with a fund that fills a gap for onchain investors that existing infrastructure cannot address," said Anil Sood, CSO and Co-Founder of Centrifuge Labs. "But this is bigger than a single product: It is about moving funds onto infrastructure that is more transparent, more efficient, and more composable. NYLIM is an incredible partner and we're excited to be working with them toward that future.” 

The fund product will be tokenized through Centrifuge’s institutional fund infrastructure, with subscriptions and redemptions settled in USDC. The underlying portfolio, investment process, and risk management through NYLIM remain unchanged.

The tokenization of financial assets is expected to accelerate meaningfully over the coming decade as institutions seek infrastructure that can improve operational efficiency, broaden distribution, and enable more seamless movement of capital across markets. As adoption evolves from experimentation toward scaled implementation, firms participating early are helping shape how traditional financial products are issued, accessed, and integrated into increasingly digital capital markets.

Through this launch, NYLIM joins a growing group of asset managers exploring how tokenized infrastructure can extend the reach and utility of established investment strategies within the next generation of financial markets.