New York Life Takes High-Yield Bond Strategy Onchain With Centrifuge on Avalanche
- —NYLIM oversees more than $300 billion in assets
- —Product built on Avalanche with USDC subscriptions and redemptions
- —Access restricted to qualified institutional buyers
- —Announcement made on September 17
Why it matters: Tokenization is expanding from Treasuries into actively managed credit strategies, broadening institutional use of blockchain rails.
Source: NewsBTC