A tokenized high-income fund with Neuberger Berman as subadvisor is now live across Ethereum, Solana, Avalanche, and Sui. The product, issued with Securitize, is built around credit assets — high-yield bonds, CLOs, and leveraged loans — rather than another retail token.
That is a quieter kind of crypto headline, and a more institutional one. Traditional managers have spent the last two years testing treasuries and money-market funds onchain. Putting a high-income credit sleeve on public networks is a step further into products that actually pay yield.
The usual limits still apply. Access is gated. KYC is in the mix. The credit risk does not disappear because the shares live in a wallet. Tokenization makes the fund easier to issue and transfer. It does not make junk bonds safe.
Issuing on four chains is the practical detail. The firms involved are not waiting to see which network wins. They are putting the same product in front of users who already live on different rails.
Whether demand shows up is a separate question. The signal is that yield — not just speculation — is being treated as something that can sit on public blockchains.
If this model holds, more of Wall Street’s income products will show up the same way: familiar assets, new settlement, and a lot less theater.