New York Life Partners With Centrifuge to Launch First Tokenized High-Yield Bond Fund

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According to BlockBeats, New York Life Investment Management (NYLIM), which manages $807 billion in assets, partnered with tokenization platform Centrifuge on June 30 to launch NYLIM Anemoy U.S. High-Yield Corporate Bond Portfolio (HYB), its first blockchain-based investment product. Eligible investors can use Circle's USDC stablecoin to subscribe and redeem shares, while the underlying portfolio remains managed by New York Life.
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