OpenEden is launching its tokenized credit fund HYBOND on BNB Chain in partnership with RedStone, which will provide verified pricing data and planned settlement infrastructure for DeFi applications. The fund will give eligible investors onchain access to BNY Investments’ short-dated high yield bond strategy with 1:1 exposure through blockchain-based tokens. This marks HYBOND’s first expansion to another network after launching on Ethereum. The companies also plan to deploy RedStone Settle, designed to enable T+0 settlement of tokenized fund collateral by connecting HYBOND holders with KYC-verified liquidity providers. This deployment represents RedStone’s third tokenized credit fund pricing deployment this year, following HINC from Neuberger Berman and HYB from NYLIM.
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