OpenEden has introduced HYBOND, the first tokenized product tied to BNY Investments’ Global Short-Dated High-Yield Bond strategy. This expands institutional-grade investments available onchain beyond cash-equivalent and treasury strategies.
The new token gives qualified investors 1:1 exposure to a managed portfolio of short-dated corporate bonds overseen by BNY Investments, a unit of BNY. HYBOND is issued by OpenEden Digital Limited, a Bermuda-regulated entity.
BNY and OpenEden previously collaborated on TBILL, a tokenized U.S. Treasury bill product. HYBOND pushes into riskier credit instruments, appealing to investors seeking greater yield. BNY oversees $2.2 trillion in assets under management.