OpenEden expands tokenized BNY high-yield bond fund to BNB Chain

OpenEden is expanding HYBOND, a fund token invested in BNY Investments’ global short-duration high-yield bond strategy, to BNB Chain, Crypto Briefing reported. HYBOND is backed one-to-one by the underlying asset, while oracle project RedStone (RED) provides the fund’s net asset value on-chain.