Centrifuge brings New York Life’s high-yield bond strategy onchain

The tokenized fund offers qualified non-US investors a 7.24% yield to worst on sub-investment-grade US corporate debt, settled in USDC Centrifuge is putting a high-yield corporate bond strategy onchain, and it arrives with a 7.24% yield to worst. The bonds behind it are sub-investment-grade US corporate debt, the polite label for what traders have long called junk. The more notable detail is the partner. The product was built with New York Life Investment Management, a firm overseeing approximately $807 billion in assets. This is its first tokenized offering. What the fund actually is The vehicle is formally named the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio. It trades under the ticker HYB. It launched around June 29-30, 2026, and is domiciled in the British Virgin Islands as a segregated portfolio. Access is limited to qualified investors located outside the US. Money moves in and out using USDC, the dollar-pegged stablecoin issued by Circle. Centrifuge supplies the plumbing that handles subscriptions and redemptions. The division of labor matters. NYLIM and MacKay Shields keep full control over how the fund is managed and how risk is assessed. Centrifuge i...