Institutional Investing

New York Life Investment Management has launched its first tokenized fund in partnership with Centrifuge. The product puts a U.S. high-yield corporate bond strategy onchain with subscriptions and redemptions settled in USDC.

Ark Invest accumulated nearly 3.3 million SpaceX shares worth more than $500 million on the company’s record-setting IPO day. The move came alongside more than $325 million in stock sales across at least 13 companies.