Centrifuge Introduces HYB High-Yield Bond Products into Solana
SolanaFloor
09-25 03:54
Ai Focus
Centrifuge launches a HYB tokenized high-yield bond product on Solana, with USDC being used for subscription and redemption. The RWA ecosystem of Solana has already exceeded $4.4 billion in scale.
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Centrifuge has been launched on Solana. NYLIM Anemoy is an independent investment portfolio in high-yield corporate bonds from the United States. HYB: The range of blockchain-based fixed-income products has been further expanded from short-duration and cash management tools to actively managed high-yield credit bonds.

NYLIM is responsible for underlying investments.

This product is managed by New York Life Investment Management Company ( NYLIM ) and is open to eligible investors. Investors can participate through the tokenized fund infrastructure of Centrifuge and use USDC for subscriptions and redemptions.

It is mentioned in the text that HYB invests in high-yield corporate bonds in the United States, and the underlying portfolio, investment process, and risk control system follow the existing framework of NYLIM. Centrifuge and NYLIM launched this product for the first time on June 30th, which is also NYLIM's first tokenized product.

Solana RWA Scale Increases to $4.4 Billion

With the launch of HYB on Solana, the variety of fixed-income assets on this chain continues to increase. The article mentions that the ecological scale of RWA on Solana has risen from approximately $1.5 billion at the beginning of 2026 to over $4.4 billion currently, and has recently reached a new high.

  • At the beginning of 2026, the scale of RWA is approximately $1.5 billion.
  • The current RWA scale has exceeded $4.4 billion.
  • In the past 30 days, RWA has seen a net inflow of over $300 million.

In addition to the expansion of its total scale, Solana has also seen a net inflow of over $300 million in the past 30 days, maintaining a leading position among various public chains. After the launch of HYB, Solana added new high-yield credit bond products for institutional management.

Particula gives an A-level rating.

Credit rating and risk assessment platform Particula awarded HYB an 'A' rating in August. The rating range goes from AAA to D, with an 'A' rating indicating that the product performs strongly in terms of overall reliability, legal and technical architecture, as well as institutional support.

However, this rating is aimed at tokenized investment products themselves and does not imply that the underlying high-yield bonds have a lower risk. The article points out that the credit risk of high-yield corporate bonds is usually higher than that of government securities such as U.S. Treasury bonds.

Additional information:The text states that the assessment of Particula mainly covers the token mechanism, smart contracts, regulatory framework, as well as the institutional asset management structure that supports HYB, rather than evaluating the credit risk of the underlying bond portfolio separately.

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