Stellar adds tokenized high-yield corporate bonds with HYB and deHYB
Photo: Crypto Briefing
New York Life's junk bond fund, built with Centrifuge, arrives on Stellar for DeFi use cases Junk bonds have a new home: the blockchain. High-yield corporate bonds are now available on Stellar as a tokenized fund built for DeFi use cases, according to a post on X. The products are HYB and its DeFi-friendly sibling, deHYB. Behind them is New York Life Investment Management (NYLIM), a firm with roughly $807–838 billion under management. Centrifuge, the tokenization platform, handles the onchain side. HYB is short for the Anemoy U.S. High Yield Corporate Bond Segregated Portfolio.
Source: Crypto Briefing
