New York Life Investment Management (NYLIM) has expanded its tokenized U.S. High Yield Corporate Bond Segregated Portfolio (HYB) to include the Solana and Avalanche blockchain networks. Initially launched on June 30, HYB allows investors to subscribe and redeem using USDC stablecoin, while NYLIM continues to manage the underlying portfolio and risks. The fund is now listed across multiple networks including Ethereum, Avalanche, Pharos, X Layer, Arc, and Solana, enhancing accessibility and liquidity for investors. This expansion follows Centrifuge's recent deployment of three tokenized fixed-income funds on Circle's Arc network, signaling growing adoption of blockchain technology in traditional fixed-income investment products.
The expansion of NYLIM's HYB bond portfolio to Solana and Avalanche is presented here with Pluang's market data for context. For readers following cryptocurrency markets, as of Oct 16, 2026 08:01 WIB, 34 of 50 major cryptocurrencies rose while 15 fell. Notable movers include SXP (Solar) down 46.27% at Rp37 with a typical hold time of 94 days, BAT (Basic Attention Token) up 22.92% at Rp3,754 with 87% sell order activity and a typical hold time of 93 days, and BAL (Balancer) up 11.14% at Rp16,297 with a typical hold time of 85 days.
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