New York Life Takes High-Yield Bond Strategy Onchain With Centrifuge

TL;DR New York Life Investment Management is working with Centrifuge to tokenize a US high-yield corporate bond strategy. The product is being built on Avalanche with USDC subscriptions and redemptions. Access is restricted to qualified institutional buyers. New York Life Investment Management is taking one of its fixed-income strategies onchain through a partnership with Centrifuge. The firms announced plans to tokenize a US high-yield corporate bond strategy on Avalanche, with qualified instit