OpenEden has launched HYBOND, the primary tokenized product tied to BNY Investments’ International Quick-Dated Excessive-Yield Bond technique, increasing the scope of institutional-grade investments out there onchain.
The brand new token offers certified buyers 1:1 publicity to a managed portfolio of short-dated company bonds overseen by BNY Investments, a unit of BNY.
The product introduces higher-yield fastened earnings publicity to a market phase that has thus far been dominated by tokenized cash-equivalent and treasury methods. Knowledge from rwa.xyz exhibits over $12 billion of the greater than $27 billion within the tokenized real-world asset market are U.S. Treasury debt.
HYBOND is issued by OpenEden Digital Restricted, a Bermuda-regulated entity licensed beneath the Digital Asset Enterprise Act, in response to a press launch on Wednesday.
Whereas BNY Investments serves because the funding supervisor for the underlying bond portfolio, it has no direct involvement within the token itself, which is managed and issued by OpenEden.
“Tokenization has confirmed its product market match with cash-equivalent and treasury methods. HYBOND represents the following step by bringing actively managed company bond publicity on-chain inside a regulated framework,” stated Jeremy Ng, OpenEden’s CEO.
BNY and OpenEden beforehand collaborated on TBILL, a tokenized U.S. Treasury invoice product. HYBOND builds on that relationship by pushing into riskier credit score devices, which can enchantment to buyers looking for higher yield.
As of year-end 2025, BNY oversaw $2.2 trillion in property beneath administration and greater than $59 trillion in property beneath custody.