Jeremy Ng@jeremyng777 · 2026/08/27赛道影响On-chain yield is becoming much more sophisticated.
Allocators are looking beyond headline returns to understand where yield comes from, how risk is managed, and why tokenization even matters.
Looking forward to bringing that conversation to the stage at the Digital Asset Yield Summit during TOKEN2049 Singapore week.
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Jeremy Ng@jeremyng777 · 2026/08/21赛道影响Particularly bullish on the $170 trillion fixed income market.
Treasuries have already shown that institutions are willing to hold traditional assets on-chain. Credit is the natural next step, especially as more professionally managed strategies become available in tokenized form.
The opportunity is much bigger than any single product. It is about bringing the depth of global fixed-income markets onto new financial rails.
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Jeremy Ng@jeremyng777 · 2026/08/03赛道影响It was great to be back in New York recently, catching up with partners and spending time with the BNY team.
Our relationship with @BNYglobal began a year ago, when they came on board as investment manager and primary custodian for the TBILL Fund. Since then, we have continued to build together, most recently tokenizing the BNY Mellon Global Short-Dated High Yield Bond Fund (HYBOND Token).
@nathanpaitchel and I were pleased to be invited by the BNY team to join them for a round of golf along with their close partners, which was a welcome change of pace from our brainstorming sessions at BNY's headquarters.
Thank you to Doni Shamsuddin, Clarence Chan, Stephen Gill, Meena Ponraj, Christina Vu, Bushra Mannan, Maximilian D., and the wider BNY team for the warm hospitality and continued partnership!
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Jeremy Ng@jeremyng777 · 2026/07/29赛道影响Large on-chain allocators in RWA markets invest the most in tokenized credit and Treasuries because these products closely mirror their off-chain equivalents and align with the allocators’ risk mandates and investment objectives.
HYBOND is precisely designed for them. It is the first tokenized high yield bond offering in the market, providing eligible investors 1:1 exposure to the BNY Mellon Global Short-Dated High Yield Bond Fund.
The fund is managed by BNY Investments, a global asset manager with approximately $2.2 trillion in AUM. It has a track record dating back to 2016, and its current portfolio has a 3-year annualized return of 9.47% and an average yield to expected maturity of ~7%.
At scale, HYBOND's institutional profile makes it much easier for allocators to evaluate, underwrite, and size meaningfully. But holding it is only half of what they can do with it.
The HYBOND market on @eulerfinance marks the first time a tokenized bond fund can be posted as on-chain collateral for borrowing. The allocator can post the token as collateral, borrow USDC, and retain exposure to the underlying bond strategy.
For allocators who have built positions in tokenized Treasuries, HYBOND is the next asset class to add. It moves down the credit curve into managed corporate bonds without leaving the on-chain rails they already use.
Jeremy Ng@jeremyng777 · 2026/07/27赛道影响In NYC this week. DM me to connect if you want to learn about the latest most innovative RWA products.
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Jeremy Ng@jeremyng777 · 2026/07/21观点输出https://t.co/0L3tWcc5kK
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Jeremy Ng@jeremyng777 · 2026/07/16政策影响Sat down with Qin En Looi for his Unfiltered Founder Stories series.
We talked about OpenEden's journey, and the lesson that stays with me after all these years: real financial infrastructure takes far longer to build than anyone expects. Products ship quickly. Credibility with institutions and regulators accumulates over years, and there is no shortcut around it.
Thanks Qin En for the feature.
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Jeremy Ng@jeremyng777 · 2026/07/09市场影响@OpenEden_X
Is High Yield Bonds really high risk too? It depends on which High Yield Bond Fund. There are wide spectrum of performance in this space.
Let’s look at the most common metrics for evaluating risk or volatilty - standard deviation of historical returns.
Below are 3year annualised standard deviation of each product
BNY Global Short-Dated HY Bond Fund : 2.4%
IEI (3-7y Treasury ETF) : 4.0%
IEF (7-10y Treasury ETF) : 6.6%
The BNY HY Bond fund has 40-70% lower volatility but more than double the returns.
Will share more deep dive into the BNY HY Bond Fund that @OpenEden_X has tokenised.
Dyor
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Jeremy Ng@jeremyng777 · 2026/07/02赛道影响Short-dated high yield credit belongs in every fixed income portfolio.
~7% yields. That’s near equity-like returns but with a fraction of the volatility and drawdown.
Now you can access one of the top in class High Yield Bond Fund on-chain.
$HYBOND
NFA DYOR
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Jeremy Ng@jeremyng777 · 2026/07/01赛道影响The real bottleneck in tokenization is trust. We can already tokenize almost anything, but are tokenized assets built on a structure that institutions can actually rely on?
So the industry's biggest challenges have less to do with blockchain itself and more to do with the structural development required before tokenized capital markets can truly scale.
AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。
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