TheBlock
New York Life Investment Management, the $807 billion asset manager, has launched its first tokenized fund on Centrifuge: the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio.
Why it matters
The fund is not just NYLIM's first tokenized product, it is also one of the first tokenized vehicles to target high-yield corporate bonds. A traditional insurer balance sheet, and one of the largest U.S. life insurers, is now running a live product through a public tokenization infrastructure rather than a permissioned chain.
Market impact
The launch adds a regulated, institutional-scale allocator to the on-chain credit market, where Centrifuge has been building rails for tokenized private credit and Treasury funds. Bringing high-yield corporate bonds into the same wrapper tests whether tokenization can compress the operational drag of managed-credit funds, NAV distribution, subscription and redemption, while leaving the underlying portfolio in a familiar, yield-seeking category.
Frequently asked questions
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What did New York Life Investment Management launch?
NYLIM launched the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio on Centrifuge, the firm's first tokenized fund.
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Why is this launch significant for the RWA sector?
NYLIM is one of the largest U.S. life insurers, and one of the first traditional asset managers of that scale to run a live product through a public tokenization infrastructure rather than a permissioned chain.
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What does the fund invest in?
The segregated portfolio targets U.S. high-yield corporate bonds, a yield-seeking fixed-income category that is unusually traditional for a tokenized wrapper.
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How large is the asset manager behind the launch?
New York Life Investment Management runs $807 billion in assets, making this one of the largest traditional allocators to enter the on-chain credit market.
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What is the role of Centrifuge in the structure?
Centrifuge provides the tokenization infrastructure for the fund, the same rails it has built out for tokenized private credit and Treasury strategies.
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