Key Takeaways Centrifuge and New York Life Investment Management launched the tokenized HYB bond fund on June 30, 2026. New York Life Investment Management manages $807 billion in assets, marking its first tokenized product. Subscriptions and redemptions settle in USDC as more asset managers test onchain fund infrastructure. The company announced a partnership with New York Life Investment Management, which oversees roughly $807 billion in assets, to launch a tokenized version of its U.S. High Yield Corporate Bond Strategy. The product carries the ticker HYB and marks New York Life Investment Management’s first tokenized offering. The fund will run on …