Centrifuge Launches Tokenized Bond Fund HYB with New York Life, Managing $807B in Assets

According to an official announcement on June 30, 2026, Centrifuge and New York Life Investment Management launched a tokenized version of New York Life's U.S. High Yield Corporate Bond Strategy, ticker HYB. New York Life Investment Management, which manages approximately $807 billion in assets, marks this as its first tokenized product offering.

The fund operates on Centrifuge's institutional infrastructure with subscriptions and redemptions settling in USDC, while New York Life Investment Management maintains control over the underlying portfolio, investment process, and risk management.