Stellar adds tokenized high-yield corporate bonds with HYB and deHYB

New York Life's junk bond fund, built with Centrifuge, arrives on Stellar for DeFi use cases Junk bonds have a new home: the blockchain. High-yield corporate bonds are now available on Stellar as a tokenized fund built for DeFi use cases, according to a post on X. The products are HYB and its DeFi-friendly sibling, deHYB. Behind them is New York Life Investment Management (NYLIM), a firm with roughly $807–838 billion under management. Centrifuge, the tokenization platform, handles the onchain side. HYB is short for the Anemoy U.S. High Yield Corporate Bond Segregated Portfolio. It launched on June 30, 2026, as NYLIM’s first tokenized offering. The fund offers exposure to an actively managed US high-yield corporate bond strategy.

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