RedStone Settle, an on-chain auction-based settlement layer from oracle provider RedStone, now enables T+0 exits for tokenized fund positions, starting with Centrifuge’s HYB fund. The fund represents New York Life Investment Management’s first tokenized corporate bond strategy, with NYLIM managing approximately 807 billion dollars in assets. Under normal circumstances, redemptions take T+3 to T+5; RedStone Settle solves this by using KYC-verified market makers who buy tokenized positions on the spot. The HYB fund received an A risk rating from Particula, signaling institutional-grade creditworthiness. Centrifuge has facilitated over 2 billion dollars in tokenized RWAs, while the broader on-chain RWA market reached approximately 30 billion dollars.
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