By Isaac • June 30, 2026 10:56 am •
New York Life’s asset-management arm is putting an institutional high-yield corporate bond strategy on-chain with Centrifuge. The firm runs about $807 billion in assets, and this is its first tokenized product.
Eligible investors can subscribe and redeem using USDC.
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Tokenization has spent the last two years dominated by short-duration Treasury funds. This move pushes the model into credit.
That is the part crypto readers should sit with. A name like New York Life choosing on-chain rails for high-yield exposure says the institutional comfort level has moved past money-market parking.
New York Life Investment Management (@NYLIManagement), one of the largest active asset managers globally with ~$807B in AUM, has partnered with Centrifuge to bring its fixed
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