Gate News message: OpenEden has launched the first tokenized product HYBOND linked to BNY Investments’ global short-term high-yield bond strategy, opening a new direction for on-chain institutional-grade investing. The token allows qualified investors to invest in a 1:1 ratio into a short-term corporate bond investment portfolio managed by BNY, bringing high-yield fixed-income instruments into a tokenized market that was previously mainly dominated by cash equivalents and U.S. Treasuries.
According to rwa.xyz data, among more than $27 billion worth of tokenized real-world assets currently, U.S. Treasuries account for more than $12 billion, and the launch of HYBOND will bring higher-yield credit instruments into on-chain investing, giving investors seeking higher returns a new option. The product is issued by OpenEden Digital Limited, an entity regulated by Bermuda and licensed under the Digital Assets Business Act. BNY Investments handles the underlying bond investment management, but does not directly participate in the token operations; OpenEden is responsible for token management and issuance.
OpenEden CEO Jeremy Ng said that the launch of HYBOND marks tokenization’s entry into the actively managed bond segment, and brings it within a regulatory framework, making on-chain fixed-income products safer and more transparent. Previously, the TBILL launched through the collaboration between BNY and OpenEden mainly targeted U.S. Treasuries, while HYBOND will expand the investment scope to higher-risk credit instruments to meet investors’ greater demand for yield.
By the end of 2025, BNY’s assets under management have reached $2.2 trillion, and total assets under custody exceed $5.9 trillion, demonstrating its deep strength in the global fixed-income market. Market analysis suggests that the launch of HYBOND may attract institutional investors to allocate more capital to tokenized high-yield bonds, thereby further advancing on-chain fixed-income assets.
Taken together, HYBOND not only enriches tokenized investment categories, but also signals further integration between real-world assets and on-chain finance—providing investors with new opportunities for risk management and yield, and potentially having a far-reaching impact on the global fixed-income market. (CoinDesk)
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