Stellar launches high-yield corporate bonds onchain with $HYB and $deHYB

$HYB: $HYB represents the onchain tokenized version of an actively managed U.S. high-yield corporate bond strategy. It brings traditional institutional credit exposure to the Stellar blockchain in a transferable format. This enables the strategy to function as a foundational asset within decentralized ecosystems. $deHYB: $deHYB is a token that extends the high-yield bond exposure from the $HYB strategy into additional DeFi applications. It supports uses such as collateral, lending, and fixed-rate markets on Stellar. The token enhances composability of institutional credit products across decentralized protocols. Stellar: Stellar is a decentralized blockchain platform designed for efficient cross-border payments and the issuance of digital assets. It supports the tokenization of real-world financial instruments for broader accessibility. In this development, Stellar provides the infrastructure for launching tokenized high-yield corporate bond strategies that integrate with DeFi protocols. NYLI Management: NYLI Management is an asset management firm focused on actively managed fixed-income and other investment strategies. It specializes in bringing institutional-grade credit products to market. The firm is deploying its U.S. high-yield corporate bond approach as an onchain tokenized fund on Stellar. Tokenization: High-yield corporate bonds are now available as tokenized funds on the Stellar blockchain. DeFi Composability: The tokenized strategy serves as a building block for lending, collateral, and other decentralized finance use cases. Institutional Credit: A new category of institutional credit products has launched for development and integration on Stellar.