Tokenized BNY Mellon Global Short-Dated High Yield Bond Fund (HYBOND)

Rank #1956

Tokenized BNY Mellon Global Short-Dated High Yield Bond Fund, or HYBOND, is a tokenized bond fund that offers on-chain exposure to a portfolio of short-term, higher-yield corporate bonds. The token represents the actively managed Global Short-Dated High Yield Bond Fund by BNY Investments, tracking the fund’s daily net asset value.

How HYBOND works

HYBOND is issued by OpenEden Digital Limited, a Bermuda entity licensed by the Bermuda Monetary Authority under the Digital Asset Business Act. The objective is to enable access to the corporate bond portfolio, with daily NAV tracking in each token unit.

Technology and networks

HYBOND is made available as a standard ERC-20 token, issued on Ethereum and BNB Chain. This structure allows the asset to circulate in the blockchain environment, reflecting the performance of the fund’s net asset value on the day.

Subscription, redemption, and permissioned access

Eligible investors can subscribe and redeem using USDC through the OpenEden application. Access is permissioned: before holding, receiving, or transferring HYBOND, the wallet must complete KYC and be added to the allowlist.

Application in the context of RWA and yield tokenization

As a Yield Tokenization product and part of the Real World Assets (RWA) universe, HYBOND connects the logic of fixed income funds to the use of tokens on networks such as Ethereum and BNB Chain. Thus, exposure to the fund is recorded and operable in token format.