RWAs recently became Avalanche’s largest asset category by TVL, according to
@DefiLlama.
Now
@NYLIManagement is bringing $HYB, its first tokenized strategy, to the network.
A good example of asset managers expanding into markets where demand for tokenized assets is already showing up in the data.
BREAKING: $807B New York Life Investment Management is bringing its first tokenized fund to Avalanche
Through Centrifuge, HYB brings NYLIM’s U.S. High Yield Corporate Bond Strategy onchain, giving eligible investors access to institutional-grade credit directly on Avalanche.
The fund opens up an entirely new corner of traditional credit markets on Avalanche, with an actively managed portfolio of high-yield U.S. corporate bonds now accessible onchain.
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