New York Life Investment Management's HYB Had About $638,000 in November 2026 AUM

New York Life Investment Management's HYB tokenized bond fund had about $638,000 in assets under management in November 2026, offering a measure of its scale months after launch.

The NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, which trades under the ticker HYB, began operating on Centrifuge around June 30, 2026. New York Life Investment Management (NYLIM), which oversees about $807 billion, launched it as the firm's first tokenized fund. A two-person team took the project from initial research through launch over six to nine months.

Investors subscribe to or redeem the fund using USD Coin (USDC), a stablecoin pegged to the U.S. dollar. NYLIM retained its established process for selecting bonds and its existing risk-management standards for the portfolio.

HYB's listed terms include a 7.24% yield to worst, a 0.55% expense ratio and a $100,000 minimum investment. Yield to worst is a conservative estimate of a bond portfolio's return. It assumes issuers repay or call bonds at the time least favorable to holders.

The underlying strategy returned 11.40% in 2023, 6.88% in 2024 and 7.28% in 2025. Those results predate HYB's launch and describe the strategy before it was offered as a tokenized fund.

Access is limited to qualified investors outside the United States. The $100,000 minimum investment is also part of the fund's listed terms.

Centrifuge has also expanded HYB to Solana and Avalanche.