OpenEden brings BNY's HYBOND tokenized fund to BNB Chain with RedStone oracle
- —HYBOND provides on-chain access to BNY Investments' Global Short-Dated High Yield Bond strategy
- —RedStone publishes the fund's administrative NAV on BNB Chain for smart contracts
- —RedStone Settle with T+0 settlement for tokenized fund collateral is planned
- —This is RedStone's third tokenized credit fund price deployment in a year
Why it matters: Tokenized credit is moving beyond Treasuries as institutional funds become usable in DeFi.
Source: Crypto Briefing