The $807 billion asset manager is bringing a high-yield corporate bond strategy onto blockchain with Centrifuge as Wall Street expands beyond tokenized Treasury funds. New York Life Investment Management, the $807 billion asset management arm of major life insurer New York Life, is launching its first tokenized fund with Centrifuge. The offering brings a U.S. high-yield corporate bond strategy onchain, with subscriptions and redemptions settled in USDC stablecoin. The move expands tokenization…
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