Centrifuge brings New York Life’s high-yield bond strategy onchain
Photo: Crypto Briefing
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. The vehicle is formally named the NYLIM Anemoy U.S.
Source: Crypto Briefing
