New York Life Investment Management Launches First Tokenized Bond Fund

New York Life Investment Management has launched what it describes as its first tokenized bond fund, the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio. The product is being introduced in collaboration with Centrifuge.

The launch matters because it shows another major traditional asset manager moving a conventional fixed-income strategy into a tokenized format. For the crypto ecosystem, it adds to the growing use of blockchain-based infrastructure for financial products that have historically been managed through traditional market rails.

Tokenized funds are designed to represent underlying assets on-chain, which can make them easier to integrate with digital asset infrastructure. In this case, the focus is on a U.S. high-yield corporate bond portfolio, bringing a familiar market category into a new operational structure.

Centrifuge has been involved in building tokenization infrastructure for real-world assets, and this collaboration places that effort alongside one of the better-known names in investment management. The launch adds another example of how asset managers are testing blockchain tools beyond purely crypto-native products.

The debut of the fund reflects the broader trend of financial firms exploring tokenization for traditional assets. While the source does not provide additional details on the fund’s structure or distribution, the announcement itself signals continued institutional interest in on-chain market products.