"HYBOND is designed to mirror the performance of BNY Investments' Global Short-Dated High-Yield Bond strategy, allowing investors to gain exposure through tokens."
"This setup combines blockchain-based access with established regulatory oversight, expanding the range of institutional products available onchain."
"Tokenization has proven its product market fit with cash-equivalent and treasury strategies, and now moves further along the risk spectrum."
Openeden has launched HYBOND, a tokenized investment product that allows eligible investors onchain access to a high-yield bond strategy managed by BNY Investments. This product aims to mirror the performance of BNY's Global Short-Dated High-Yield Bond strategy. Investors can gain exposure through tokens while the underlying assets are managed within a traditional fund structure. HYBOND represents a shift towards more complex financial instruments in the tokenized asset space, moving beyond cash-like instruments to offer corporate credit exposure.
Read at news.bitcoin.com
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