1 April, 2026—OpenEden, a Bermuda-regulated real-world asset (RWA) tokenization platform, today announced the launch of HYBOND, the first tokenized product to offer eligible investors on-chain access, through tokens, to BNY Investments’ Global Short-Dated High-Yield Bond strategy.
HYBOND is designed to provide 1:1 exposure to the Global Short-Dated High-Yield Bond strategy, with BNY Investments, part of BNY (NYSE: BK), a global financial services company, serving as investment manager of the underlying assets. The product offers eligible investors on-chain access to BNY Investments’ deep credit management expertise while retaining the governance and regulatory oversight of a traditional fund structure.
The introduction of HYBOND expands tokenized solutions for investors seeking to move up the credit curve beyond cash-equivalent and government bond products that have largely defined the initial phase of institutional blockchain adoption.
“Tokenization has proven its product market fit with cash-equivalent and treasury strategies. HYBOND represents the next step by bringing actively managed corporate bond exposure on-chain within a regulated framework,” said Jeremy Ng, Founder and CEO of OpenEden. “By working with BNY Investments, we are offering qualified investors access to top-tier fixed-income strategies combined with the programmability that digital asset infrastructure provides.”
“This launch demonstrates how tokenization can be applied to established investment strategies to broaden the range of investment options on-chain,” said Doni Shamsuddin, Head of Asia Pacific, BNY Investments. “Today’s announcement deepens our relationship with OpenEden by extending our time-tested fixed income management capabilities into the tokenized market.”
The launch of HYBOND follows BNY’s earlier appointment as investment manager and primary custodian for the underlying assets of OpenEden’s $TBILL Fund. As global investors continue to expand their engagement with digital asset markets, OpenEden provides the regulated infrastructure to bring institutional strategies on-chain.
HYBOND will open to selected institutional clients first, then become fully available to all institutional clients by the end of April 2026. HYBOND is supported on the Ethereum network, with XRP Ledger, BNB Smart Chain, and additional networks to follow.
Explore HYBOND
About OpenEden
OpenEden operates a leading real-world asset (RWA) tokenization platform, renowned for its unmatched focus on regulatory standards and advanced financial technology. Founded in 2022, OpenEden bridges traditional and decentralized finance by providing, through its regulated entities in Bermuda and the BVI, secure, transparent, and compliant on-chain access to tokenized RWA. OpenEden is tokenizing global finance with a core focus on compliance and innovation. To learn more, visit www.openeden.com.
About BNY
BNY is a global financial services platforms company at the heart of the world’s capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of December 31, 2025, BNY oversees $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.
BNY Investments is an investment management organization, encompassing BNY’s affiliated investment management firms and global distribution companies. For more information please click here.
Note
HYBOND tokens are issued by OpenEden Digital Limited, which operates with a Digital Asset Business Act license issued by the Bermuda Monetary Authority, and do not represent any rights or interests in or against BNY, its affiliates or the BNY Mellon Global Short-Dated High Yield Bond Fund.
BNY, its affiliates and the BNY Mellon Global Short-Dated High Yield Bond Fund have no obligations or responsibilities and accept no liability in connection with HYBOND tokens and make no representations or warranties in connection with them. Readers should carefully assess all relevant risks and HYBOND documentation before making any decision to acquire them.
Disclaimer
The information in this publication and any distribution or dissemination of it in any form is provided for informational purposes only and does not constitute financial, investment, legal, tax or other advice, nor does it constitute a recommendation or endorsement by OpenEden. The information should not be relied upon as the basis for any investment decision and does not take into account the investment objectives, financial situation or particular needs of any specific investor.
The content is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the US and the District of Columbia), nor in such jurisdictions where such announcement would require registration and/or approval with any relevant governmental or regulatory authorities (“restricted jurisdictions”). Nothing herein constitutes an offer, solicitation or recommendation to acquire or dispose of any financial products or digital assets in the United States or in any restricted jurisdiction.
The digital assets referred to herein have not been and will not be registered with any regulatory authority or framework, including under the US Securities Act of 1933, as amended and may not be offered or sold in the US or such other restricted jurisdictions, except pursuant to an applicable exemption from registration. No public offering of the digital assets is being made in the US or restricted jurisdictions.
For full details on the applicable T&Cs, please refer to https://docs.openeden.com/
