Avalanche adds HYB tokenized bond strategy to onchain offerings

HYB: HYB is the tokenized version of the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, structured as a BVI segregated portfolio on Centrifuge infrastructure. It delivers onchain access to New York Life Investment Management’s established actively managed U.S. high-yield corporate bond strategy, with subscriptions and redemptions settled in USDC. The product recently received an A risk rating from Particula and is expanding distribution through availability on Avalanche. Avalanche: Avalanche is a layer-1 blockchain network focused on high throughput and institutional use cases, including real-world asset tokenization. It is broadening the types of institutional products available onchain by hosting the HYB tokenized high-yield bond strategy, extending beyond earlier Treasury and short-duration offerings. Recent developments include plans for dedicated RWA credit markets on the network. NYLIManagement: New York Life Investment Management is a large institutional asset manager and the investment arm of New York Life. It launched its first tokenized product in June 2026 through a partnership with Centrifuge, bringing an existing high-yield corporate bond strategy onchain while retaining full control of portfolio management and risk processes. The move marks the firm’s entry into tokenization to broaden access for qualified investors. Tokenization Trend: Asset managers are expanding tokenized offerings on Avalanche beyond Treasuries into higher-yielding credit strategies such as corporate bonds. Institutional Infrastructure: Avalanche continues to attract institutional tokenization initiatives, with multiple asset managers and financial institutions developing or planning onchain platforms and credit products on the network.