NYLIM launches tokenized high-yield bond fund HYB on Avalanche
- —NYLIM manages the HYB fund with about $807 billion in assets
- —Avalanche holds about $1.4 billion in stablecoins and over $500 million in DeFi
- —Access to tokenized US high-yield bonds is limited to qualified investors
- —The product expands Avalanche's institutional assets beyond short-term Treasuries
Why it matters: Tokenization of corporate debt by a major asset manager strengthens Avalanche's RWA segment but carries credit and liquidity risk.
Source: PANews