Centrifuge’s Q3 recap records HYB deployments on Solana and Avalanche, extending the high-yield corporate bond portfolio managed by New York Life Investment Management (NYLIM) across six networks.
HYB appears in Centrifuge’s deployment directory for six chains: Arc, Avalanche, Ethereum, Pharos, Solana and X Layer. Centrifuge announced its partnership with NYLIM on June 30 and described HYB as the investment manager’s first tokenized offering.
Eligible investors can subscribe and redeem in USDC. Centrifuge said NYLIM continues to manage HYB’s portfolio, investment process and risk controls. It described the offering as a way to broaden investor access to NYLIM’s high-yield strategy.
The network expansion follows a separate liquidity arrangement. Centrifuge’s Aug. 25 announcement said Fission was offering 24/7 USDC liquidity to four institutional funds on its platform, one of them tied to NYLIM’s high-yield strategy. Centrifuge said Fission could make liquidity available immediately even as each underlying fund followed a separate settlement timetable. EconoTimes previously covered Fission’s funding round and fund liquidity plan.
