OpenEden has launched HYBOND as a new digital asset product for institutional investors. HYBOND offers the short-term high-yield bond strategy managed by BNY Investments to investors in a blockchain-based format. This innovative step of the company aims to increase institutional level investment tools on the chain.
Corporate bond strategy digitized
HYBOND provides qualified investors with direct 1:1 access to the portfolio of short-term corporate bonds managed by BNY Investments. BNY Investments stands out as a subsidiary of the well-established American financial institution Bank of New York Mellon and offers a wide range of asset management solutions. This new product is considered an important step in moving fixed-income and high-yield bond markets to blockchain.
The recent focus of tokenization on treasury bills and cash equivalents has attracted attention. According to the data, US bonds constitute a significant portion of the total real-world assets on the chain. With HYBOND, it will be possible to access corporate bonds with higher risk and return potential.
OpenEden Digital Limited operates in Bermuda in accordance with digital asset legislation as the issuer of HYBOND. BNY Investments undertakes portfolio management, but does not have a direct role in the management and issuance of the token.
New token strengthens intercompany collaboration
Jeremy Ng, co-founder of OpenEden, stated that tokenization, which has proven itself in fixed income and cash-like products, has reached an important stage in the corporate bond market with HYBOND.
He emphasized that the product-market fit of tokenization is seen in practice in fixed income strategies, while HYBOND brings its actively managed corporate bond experience to the chain under regulatory supervision.
BNY Investments and OpenEden had previously worked together on a blockchain-based US treasury bill product called TBILL. This partnership with HYBOND has been taken to the next level with access to credit risk products where investors seek higher returns.
Bank of New York Mellon has been operating in global financial markets for a long time. As of the end of 2025, the company’s total assets under management have reached 2.2 trillion dollars, while the size of assets under custody and supervision has exceeded 59 trillion dollars.
With the launch of HYBOND, the diversity of corporate investment options in the chain is expected to increase. In particular, developments in the integration of blockchain with traditional financial instruments have accelerated.
It is anticipated that this initiative, which offers new alternatives to investors, may pave the way for different innovative products in the market in the future.
