OpenEden Debuts First Tokenized High-Yield Bond with BNY

• OpenEden has introduced HYBOND, the first tokenized product providing access to BNY Investments’ Global Short-Dated High-Yield Bond strategy.
• The new offering allows eligible investors to gain 1:1 exposure to actively managed corporate bonds through a regulated on-chain framework.
• BNY serves as the investment manager and primary custodian for the underlying assets, expanding its existing partnership with OpenEden.

Expansion Into Corporate Bond Tokenization

Real-world asset tokenization platform OpenEden announced the launch of HYBOND on Wednesday. This new product is designed to provide qualified investors with direct exposure to the Global Short-Dated High-Yield Bond strategy managed by BNY Investments. While previous tokenization efforts primarily focused on treasury bills and cash equivalents, this move represents a shift toward more complex corporate debt instruments.

Founded in 2022, OpenEden operates its platform through regulated entities in Bermuda and the British Virgin Islands. The firm aims to bridge the gap between traditional finance and decentralized infrastructure by offering institutional-grade fixed-income strategies in a programmable digital format.

Moving Beyond Government-Backed Assets

According to OpenEden CEO Jeremy Ng, the introduction of HYBOND is a response to the growing maturity of the blockchain market. He noted that tokenization has already achieved product-market fit with cash and treasury strategies. The launch of an actively managed corporate bond product is the next logical step for investors looking to move up the credit curve within a regulated environment.

By utilizing digital asset infrastructure, HYBOND combines the security of traditional bond management with the efficiency of on-chain operations. This allows for greater flexibility and automation in how investors manage their fixed-income portfolios.

Strengthening Institutional Partnerships

The launch further solidifies the relationship between OpenEden and BNY. The banking giant, which has a history spanning over 240 years, was recently named the primary custodian and investment manager for OpenEden’s TBILL Fund.

As a major player in global finance, BNY serves approximately 90% of Fortune 100 companies and nearly all of the world's top 100 banks. As of December 31, 2025, the institution reported overseeing $59.3 trillion in assets under custody and administration, alongside $2.2 trillion in assets under management. This collaboration provides OpenEden’s platform with a significant layer of institutional credibility and operational scale.