Woofun AI reports that NYLIM, the investment management subsidiary of New York Life, has collaborated with RWA infrastructure provider Centrifuge to introduce the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, trading under the ticker HYB. This initiative represents New York Life’s inaugural tokenized financial product and stands among the limited on-chain offerings focused on high-yield corporate bonds.

The fund operates on the Centrifuge platform, with all subscriptions and redemptions settled exclusively in Circle-issued USDC stablecoins. NYLIM retains sole management of the underlying bond assets, while Centrifuge supplies the tokenization technology and the BVI segregated portfolio structure. Shareholders maintain recourse rights to the underlying assets. The product is currently restricted from U.S. investors and targets stablecoin issuers, DeFi participants, and DAO treasuries seeking yield opportunities. Centrifuge earns service fees based on assets under management.