Odaily News: Centrifuge has announced that HYB, a high-yield corporate bond strategy fund under New York Life Investment Management, which manages approximately $807 billion in assets, has launched on Avalanche, offering qualified investors tokenized exposure to a U.S. high-yield corporate bond portfolio. The product is managed by NYLIM and expands the range of institutional-grade asset classes on Avalanche beyond U.S. Treasuries and short-duration products through on-chain tokenization.

Odaily reports that the U.S. Securities and Exchange Commission (SEC) last week proposed a new rule amendment to transfer agent regulations, allowing electronic databases, including blockchain ledgers, to serve as the official record of securities ownership. If the proposal is approved, issuers and transfer agents may no longer need to maintain both onchain token ledgers and offchain shareholder registers simultaneously, and the ownership records of tokenized securities could shift from two sets of records to a single record. Eli Cohen, Chief Legal Officer of Centrifuge, said the proposal could simplify the current "two-step" process into a "one-step" process, allowing the blockchain to serve as the primary securities file. Joris Delanoue, CEO of SEC-registered onchain transfer agent Fairmint, said assets would still be subject to ownership and transfer rules, and regulatory controls such as identity verification and transfer restrictions would still be built into the tokens; transfer agents would still need to handle administrative matters such as shareholder death, inheritance, and legal notices, with processing windows potentially shortened from 3 to 5 days to 1 day. The proposal's 60-day public comment period will end in early November.

Odaily Planet Daily News Grove Finance has announced the establishment of a strategic position in the Centrifuge ecosystem, with an initial holding of 37.8 million CFG tokens, accounting for approximately 5.4% of the total supply. To date, the two parties have deployed over $1.27 billion in assets through Centrifuge's infrastructure. Their collaboration dates back to the early stages of MakerDAO, and this position marks a shift in their relationship from protocol integration to strategic synergy. Together, they will combine Centrifuge's tokenization and distribution infrastructure with Grove Finance's capital allocation capabilities to drive the long-term development of the tokenized asset ecosystem.

Odaily News – Pharos Network has announced the launch of the pRNH Vault, powered by the R25 protocol, offering eligible users an on-chain channel to invest in US high-yield corporate bonds.The Vault's underlying assets are connected to the NYLIM Anemoy US High-Yield Corporate Bond Independent Portfolio (HYB), co-initiated by NYLIM and Anemoy, with tokenization technology provided by Centrifuge. Users can deposit USDC into Pharos and exchange it for pRNH tokens via R25, gaining indirect exposure to HYB assets.The Vault targets a scale of $100 million, with an estimated annualized yield of approximately 7%. It imposes no hard lock-up period and incorporates agent-assisted features covering credit screening and liquidity monitoring within its architecture.

Odaily Planet Daily News: Asset tokenization platform Centrifuge has announced its integration with Liquid Lane, a liquidity network launched by Symbiotic, to provide on-chain liquidity support for three of its tokenized funds, covering fund products with approximately $1.6 billion in assets under management.The integration involves Janus Henderson's JAAA (AAA-rated collateralized loan obligation strategy fund), JTRSY (short-term U.S. Treasury strategy fund), and NYLIM's HYB (U.S. high-yield corporate bond fund). Through Symbiotic Liquid Lane, eligible fund holders can exchange their fund tokens for USDC via an on-chain request-for-quote (RFQ) market, enabling instant liquidity. This mechanism allows market makers to draw funds from liquidity vaults to meet investor redemption demands, and subsequently redeem fund tokens through the issuer or sell them in other RFQ transactions.Centrifuge stated that this solution separates investors' instant access to USDC liquidity from the traditional fund redemption process, making tokenized funds more adaptable to the trading demands of on-chain financial markets. (Cointelegraph)

Odaily reported on July 22 that according to SoSoValue data, the crypto market sector maintained an upward trend, with Bitcoin (BTC) rising 1.83% and briefly approaching $67,000; Ethereum (ETH) rose 1.38%, breaking through $1,900. Meanwhile, the SocialFi and RWA sectors performed prominently, rising 6.15% and 5.85% in 24 hours respectively. Within the SocialFi sector, Gram (GRAM) rose 6.89%; within the RWA sector, Ondo Finance (ONDO) rose 11.68%, Centrifuge (CFG) rose 6.25%, and Plume (PLUME) and RE rose 8.20% and 12.04% respectively.In other sectors, the PayFi sector rose 2.24% in 24 hours, with Monero (XMR) rising 6.24%; the Meme sector rose 0.80%, with SPX6900 (SPX) rising 4.94%; the Layer 2 sector rose 0.62%, with Optimism (OP) rising 5.02%; the Layer 1 sector rose 0.33%, with Hedera (HBAR) rising 4.87%; the CeFi sector rose 0.32%, with Bitget Token (BGB) rising 2.53%.Additionally, the DeFi sector fell 2.54%, but ZeroLend (ZERO) bucked the trend and rose 50.73%.The crypto sector indices reflecting historical sector performance showed that the ssiSocialFi, ssiRWA, and ssiPayFi indices rose 6.22%, 5.44%, and 2.39% respectively.

Odaily Planet Daily News, July 16. According to SoSoValue data, the crypto market sectors showed a narrow-range consolidation trend overall. The RWA sector performed prominently, rising 6.40% in 24 hours, with Ondo Finance (ONDO) up 15.92% and Centrifuge (CFG) up 2.87%. Meanwhile, Bitcoin (BTC) rose 0.19%, briefly surpassing $65,000 during the session; Ethereum (ETH) rose 2.92%, breaking through $1,900.Other notable sectors include: the DeFi sector rose 0.96% in 24 hours, with ZeroLend (ZERO) up 28.87%; the PayFi sector rose 0.32%, with eCash (XEC) up 13.68%.In other sectors, the Meme sector fell 0.07%, but Pump.fun (PUMP) rose 1.53%; the CeFi sector fell 0.13%, with Mantle (MNT) holding relatively firm, up 1.69%; the Layer1 sector fell 0.23%, with Injective (INJ) surging 3.24% during the session; the Layer2 sector fell 0.34%, while MegaETH (MEGA) bucked the trend, rising 2.39%; the SocialFi sector fell 2.43%, with Gram (GRAM) down 2.36%.The crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiDeFi, and ssiLayer1 indices rose 7.43%, 2.17%, and 1.24%, respectively.

Odaily reported that NYLIM, the investment management arm of New York Life, has partnered with RWA infrastructure provider Centrifuge to launch a tokenized fund named NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, under the ticker HYB.This fund marks New York Life's first tokenized financial product and is one of the few on-chain products in the market focusing on high-yield corporate bonds. The fund is listed on the Centrifuge platform, with subscriptions and redemptions settled exclusively in USDC stablecoins issued by Circle. The underlying bond assets are managed solely by NYLIM, while Centrifuge provides tokenization technology and the BVI segregated portfolio structure. Investors, as shareholders, retain recourse rights to the underlying assets.The product is currently not available to U.S. investors, targeting stablecoin issuers, DeFi participants, and DAO treasuries seeking yield-generating opportunities. Centrifuge generates service fees based on assets under management to sustain operations, and the business continues to expand. (TheBlock)

According to SoSoValue data, the cryptocurrency market sectors are experiencing divergent movements. The DeFi sector performed strongly, rising 7.29% in 24 hours, with LAB (LAB) increasing by 37.97%, Block Street (BSB) and Uniswap (UNI) rising 31.18% and 10.72% respectively, and Hyperliquid (HYPE) gaining 10.38%, briefly breaking through $76 during the session to hit a new all-time high.Other sectors showing strong performance include: the AI sector, which rose 4.42% in 24 hours, with Worldcoin (WLD) up 19.58%; the RWA sector rising 2.16%, with Centrifuge (CFG) up 11.21%; and the Meme sector increasing 1.26%, with SPX6900 (SPX) up 16.72%.In other sectors, the Layer2 sector fell 0.13%, but Celestia (TIA) rose 9.74%; the Layer1 sector dropped 0.18%, with Cosmos Hub (ATOM) relatively resilient, up 3.43%; the PayFi sector declined 0.64%, while Stellar (XLM) bucked the trend to rise 4.88%; the CeFi sector fell 1.43%, with Aster (ASTER) surging 2.80% during the session; and the NFT sector fell for the third consecutive day, with a 24-hour decline of 20.83%. Within this sector, Audiera (BEAT) dropped 44.03%.Sector indices reflecting historical performance show that the ssiDeFi and ssiMeme indices rose by 6.35% and 1.24% respectively, while the ssiSocialFi index fell by 3.76%.

According to SoSoValue data, the cryptocurrency market is experiencing a narrow range consolidation. Bitcoin (BTC) fell 0.38%, remaining near $78,000 for several consecutive days; Ethereum (ETH) dropped 0.41%, consolidating above $2,100. The RWA sector performed prominently, rising 2.12% in 24 hours. Within this sector, Centrifuge (CFG) increased by 6.98%, Plume (PLUME) surged 16.85%, and Ondo Finance (ONDO) rose 3.24%.Looking at other sectors, the Layer 2 sector rose 0.76%, with Celestia (TIA) up 4.45%; the DeFi sector gained 0.71%, with Hyperliquid (HYPE) increasing 2.07% and breaking through $62 during the session to reach a new all-time high; the Layer 1 sector rose 0.71%, with NEAR Protocol (NEAR) surging 17.83%; the CeFi sector increased 0.65%, with FTX (FTT) up 1.16%; the Meme sector rose 0.42%, with SPX6900 (SPX) gaining 2.86%; the PayFi sector fell 0.88%, while Safe (SAFE) rose 11.85%.The crypto sector indices, which reflect historical sector performance, show that the ssiCeFi, ssiLayer2, and ssiLayer1 indices rose by 0.77%, 0.64%, and 0.51%, respectively.