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OpenEden Introduces HYBOND
OpenEden launched HYBOND, the first tokenized product tied to BNY Investments' high-yield bond strategy.
“OpenEden has launched HYBOND, the first tokenized product tied to BNY Investments' Global Short-Dated High-Yield Bond strategy”
HYBOND provides 1:1 exposure to a managed portfolio of short-dated corporate bonds.
The product is issued by OpenEden Digital Limited, a Bermuda-regulated entity.
This marks the first institutional high-yield credit product tokenized on-chain.
Expanding Tokenized Real-World Assets
HYBOND expands institutional-grade investments available onchain.
Tokenized cash-equivalent and treasury strategies dominate the $27 billion RWA market.
BNY Mellon's strategy delivered 14.71% in 2023 with zero defaults since 2011.
Regulated Framework and Institutional Collaboration
HYBOND is issued within a regulated framework using offshore entities.
“HYBOND achieves regulatory compliance while facilitating blockchain-based access to structured credit portfolios”
BNY Investments manages the underlying portfolio but does not directly issue the token.
The partnership builds on an existing collaboration between OpenEden and BNY.