SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
Crypto & Web3

New York Life Launches Tokenized High-Yield Bond Fund on Blockchain via Centrifuge

0
·1 views

New York Life, the $807 billion asset manager, has made its debut in asset tokenization by launching an on-chain high-yield corporate bond fund. The firm partnered with Centrifuge, a blockchain-based real-world asset platform, to bring the product to market. The move marks a significant step beyond the tokenized Treasury funds that have dominated Wall Street's blockchain experiments so far. The development reflects growing institutional interest in expanding tokenization to a broader range of fixed-income assets.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Former House Finance Chair Urges Open Competition for Tokenized Securities

Patrick McHenry, vice chairman at Ondo Finance and former Chairman of the House Financial Services Committee, has argued that the tokenized securities market needs open competition rather than regulatory gatekeeping. Writing for CoinDesk, McHenry contends that innovation in financial markets depends on giving investors a range of choices. He warns that Washington risks stifling progress if regulators attempt to pick winners before the market has had time to determine what works. His comments come as policymakers increasingly scrutinize the growing intersection of blockchain technology and traditional securities.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Nasdaq to Distribute TotalView Market Data via Pyth Blockchain Network

Nasdaq has announced it will expand distribution of its TotalView market data feed through Pyth, a blockchain-based data marketplace. The move marks a significant step by a traditional exchange operator into decentralized financial infrastructure. The partnership reflects a growing trend of financial firms building applications on blockchain rails. By integrating with Pyth's network, Nasdaq aims to make its market data more accessible to decentralized finance developers and institutions.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin Stuck Near $59K-$60K With Risk of Drop Toward $40,000

Bitcoin has been trading in a narrow range between $59,000 and $60,000 throughout the week. The tight price band resembles a similar consolidation pattern observed earlier in 2024. However, analysts note a key difference: the current pattern is forming below a major support level in a declining market. A decisive breakdown from this range could potentially open the path toward the $40,000 price level.

0 comments Read more at CoinDesk
New York Life Launches Tokenized High-Yield Bond Fund on Blockchain via Centrifuge · ShortSingh