OpenEden issues first tokenized access to BNY’s Global Short-Dated High-Yield Bond strategy
OpenEden launched HYBOND, a tokenized product offering access to BNY Investments’ high-yield bond strategy, expanding tokenized investment options.Summary
OpenEden, a real-world asset tokenization platform, announced the launch of HYBOND, the first tokenized product linked to BNY Investments’ Global Short-Dated High-Yield Bond strategy. This product provides eligible investors with 1:1 exposure to the underlying bond strategy, managed by BNY Investments, a part of BNY. OpenEden aims to broaden tokenized solutions beyond cash-equivalent and government bonds, offering access to actively managed corporate bond exposure within a regulated framework. CEO Jeremy Ng stated that HYBOND combines top-tier fixed-income strategies with the benefits of digital asset infrastructure. Founded in 2022, OpenEden operates through regulated entities in Bermuda and the British Virgin Islands, and recently appointed BNY as investment manager and custodian for its TBILL Fund, a tokenized treasury product. BNY manages trillions in assets and serves a vast network of Fortune 100 companies and global banks.
(Source：The Block)