New York Life Investment Management, one of the country's largest active asset managers, is moving a piece of its fixed-income business onto the blockchain, partnering with tokenization platform Centrifuge to offer a high-yield corporate bond strategy to crypto-native investors. The companies announced Tuesday the launch of the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, trading under the ticker HYB. It is NYLIM's first tokenized product, and one of the earliest attempts to bring a high-yield bond fund onto public blockchain infrastructure, according to the announcement.