- New York Life Investment Management ($807B AUM) launches its first tokenized fund on Avalanche via Centrifuge
- Fund tokenizes NYLIM's U.S. High Yield Corporate Bond Strategy — actively managed, onchain via HYB
- Access restricted to eligible investors; Centrifuge provides tokenization infrastructure on Avalanche
- Announcement marks Avalanche's largest traditional asset manager RWA partnership to date
BREAKING
New York Life Investment Management (NYLIM), one of the largest asset managers in the United States with $807 billion in assets under management, announced on September 17, 2026, that it is bringing its first tokenized fund to the Avalanche blockchain. The announcement was made via the official Avalanche X account, marking a significant institutional milestone for the network.
The product, named HYB, is built through Centrifuge — a protocol specializing in bringing real-world assets onchain — and tokenizes NYLIM’s U.S. High Yield Corporate Bond Strategy. The fund holds an actively managed portfolio of high-yield U.S. corporate bonds, giving the onchain product direct exposure to a segment of traditional credit markets that has historically been inaccessible to blockchain-native investors.
Access to HYB is restricted to eligible investors, consistent with regulatory requirements around institutional-grade credit products. Qualified participants can access the fund directly on Avalanche, receiving onchain exposure to NYLIM’s actively managed high-yield bond strategy without requiring traditional financial intermediaries. Centrifuge handles the tokenization infrastructure connecting NYLIM’s off-chain portfolio to the Avalanche network.
The launch is a material addition to Avalanche’s real-world asset (RWA) ecosystem. Avalanche has increasingly positioned itself as a destination for institutional tokenization, and NYLIM’s entry — representing an $807 billion manager’s first onchain fund — adds significant credibility to that strategy. HYB introduces a category of credit exposure — actively managed, high-yield U.S. corporate bonds — that was not previously available natively on Avalanche.
No public launch date for broader investor access has been specified beyond the September 17 announcement. The fund is described as actively managed, meaning NYLIM’s investment team retains discretion over portfolio composition. Prospective investors should verify eligibility requirements directly through Centrifuge or NYLIM before attempting to participate.
Frequently Asked Questions
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Source: Avalancheavax · Published by CoinsProbe Markets Desk
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