Overview
- OpenEden introduced HYBOND to give qualified investors a token that mirrors BNY Investments’ global short-duration high-yield bond portfolio with 1:1 exposure.
- HYBOND is issued by OpenEden Digital Limited, a Bermuda-regulated firm licensed under the Digital Asset Business Act.
- BNY Investments manages the underlying bonds, while OpenEden issues and operates the token, keeping asset management and token operations separate.
- The move pushes tokenization beyond cash and Treasuries, a segment that rwa.xyz says still accounts for over $12 billion of the more than $27 billion real‑world asset market.
- The launch builds on the partners’ earlier tokenized T‑bill product and introduces higher yield potential along with greater corporate credit risk than prior treasury-focused tokens.