New York Life’s $807 Billion Asset Manager Launches First Tokenized Fund on Avalanche
New York Life Investment Management, which oversees approximately $807 billion in assets, has launched its first tokenized investment fund on the Avalanche blockchain, marking another major step in the growing adoption of blockchain technology by traditional asset managers. The fund, known as HYB, is a tokenized version of NYLIM’s actively managed U.S. high-yield corporate bond…
