RedStone is plugging its Settle product into HYB, the US high yield corporate bond portfolio Centrifuge issues with New York Life Investment Management sub-advising.
Sep 12 2026 00:56 UTC - Sonia Shaw
RedStone is plugging its Settle product into HYB, the US high yield corporate bond portfolio Centrifuge issues with New York Life Investment Management sub-advising. HYB redeems T+3. That's normal for a fund like this, and no use at all to a lending protocol that needs to close a position today.
Settle doesn't shorten the three days. It moves who does the waiting. A KYC-verified solver bids for the position, pays the holder in USDC in the same block, then sits through the redemption itself. The...
➤ RedStone's Settle product integrates with Centrifuge's HYB, a US high yield corporate bond portfolio, to manage T+3 redemptions.
➤ Settle facilitates immediate liquidity by having KYC-verified solvers bid on and hold the redemption position, charging a discount.
➤ This mechanism allows HYB to be used as collateral on lending protocols like Morpho, though market depth for this service is still developing.
Read more at: https://rwatimes.io/articles/linkedin-red-stone-is-plugging-its-settle-product-into-hyb-the-us-high-yield-corporate-bond-portfolio-centrifuge-issues-with-new-york-life-investment-management-sub-advising-3676401382?utm_source=binance
Sep 12 2026 00:56 UTC - Sonia Shaw
RedStone is plugging its Settle product into HYB, the US high yield corporate bond portfolio Centrifuge issues with New York Life Investment Management sub-advising. HYB redeems T+3. That's normal for a fund like this, and no use at all to a lending protocol that needs to close a position today.
Settle doesn't shorten the three days. It moves who does the waiting. A KYC-verified solver bids for the position, pays the holder in USDC in the same block, then sits through the redemption itself. The...
➤ RedStone's Settle product integrates with Centrifuge's HYB, a US high yield corporate bond portfolio, to manage T+3 redemptions.
➤ Settle facilitates immediate liquidity by having KYC-verified solvers bid on and hold the redemption position, charging a discount.
➤ This mechanism allows HYB to be used as collateral on lending protocols like Morpho, though market depth for this service is still developing.
Read more at: https://rwatimes.io/articles/linkedin-red-stone-is-plugging-its-settle-product-into-hyb-the-us-high-yield-corporate-bond-portfolio-centrifuge-issues-with-new-york-life-investment-management-sub-advising-3676401382?utm_source=binance