OpenEden is expanding its tokenized HYBOND credit fund to the BNB Chain. This product provides investors with on-chain access to the Global Short-Dated High Yield Bond strategy managed by BNY Investments, offering 1:1 exposure via blockchain tokens.
RedStone will provide the necessary infrastructure for this deployment by delivering the fund's net asset value directly to the network in a format compatible with smart contracts. This marks the first time the HYBOND fund has expanded to a network other than Ethereum.
The companies also intend to implement RedStone Settle. This solution aims to enable T+0 settlement for fund collateral by linking token holders with liquidity providers that have passed KYC verification, bypassing the standard multi-day redemption cycle.
This project is the third tokenized credit fund deployment for RedStone this year, following similar integrations for Neuberger Berman and NYLIM. The move signals a shift toward tokenizing higher-yield credit assets beyond traditional cash equivalents.
