HYBOND provides eligible investors with on-chain exposure to a corporate bond strategy managed by BNY Investments via a regulated framework.
Real-world asset (RWA) tokenisation platform, OpenEden, has launched HYBOND. This product offers eligible investors on-chain access to BNY Investments’ Global Short-Dated High-Yield Bond strategy. HYBOND is designed to provide 1:1 exposure to the underlying bond strategy, with BNY Investments serving as the investment manager.
The launch of HYBOND represents a move into corporate bond exposure within the tokenised asset market, which has previously focused on cash equivalents and government bonds. The product is structured to maintain the governance and regulatory oversight of a traditional fund while utilising digital asset infrastructure for distribution.
Jeremy Ng, Founder and CEO of OpenEden, stated: “By working with BNY Investments, we are offering qualified investors access to top-tier fixed-income strategies combined with the programmability that digital asset infrastructure provides.”
Doni Shamsuddin, Head of Asia Pacific, BNY Investments, indicated: “Today’s announcement deepens our relationship with OpenEden by extending our time-tested fixed income management capabilities into the tokenised market.”
The underlying assets of HYBOND are managed by BNY Investments, a global financial services company. The product is aimed at institutional investors moving beyond government-backed digital assets into more complex credit products. OpenEden provides the regulated infrastructure necessary to facilitate this transition.
By integrating traditional credit management with blockchain technology, the HYBOND platform seeks to increase the range of investment options available in the tokenised market.
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