New York Life Investment Management (NYLIM), which manages assets worth $807 billion, has launched its first tokenized fund. The product, titled NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio (HYB), operates on the Centrifuge platform.
The fund was developed by a two-person team over a period of six to nine months. It officially launched around June 30, 2026. Subscriptions and redemptions are settled using the USDC stablecoin, replacing traditional bank wire transfers.
The fund maintains the firm's existing investment and risk management processes. Its underlying strategy recorded returns of 11.40% in 2023, 6.88% in 2024, and 7.28% in 2025. As of November 2026, the fund held approximately $638,000 in assets.
In September 2026, the fund integrated with RedStone Settle to provide liquidity exits within approximately 300 milliseconds. The fund is currently restricted to qualified non-US investors, with a minimum investment requirement of $100,000.
