New York Life Investments Collaborates with Centri Fuse on Tokenization of High-Yield Corporate Bonds

New York Life Investments Management (NYLIM) has partnered with Centri Fuse to launch a tokenized product, the 'NYLIM Anemoi U.S. High-Yield Corporate Bonds Segregated Portfolio (HYB)'. High-yield corporate bonds are debts issued by companies rated below investment grade, offering higher returns due to increased risk. HYB provides qualified investors access to NYLIM's existing high-yield strategy via Centri Fuse's platform, with subscriptions and redemptions settled in Circle's stablecoin USDC. NYLIM maintains control over the portfolio, investment process, and risk management, while Centri Fuse provides tokenization technology.