NYLIM was the latest entrant to the list of asset management giants making moves in tokenization, teaming up with Centrifuge (CFG) to bring one of its high-yield corporate bond strategies onchain.For NYLIM, tokenization is less about launching blockchain versions of existing funds than improving how portfolios are assembled.Sy said customized investment strategies often combine ETFs, bonds, private credit and other assets, creating operational complexity that makes personalization difficult to scale.”The end goal is to embed the customization within the asset itself, rather than the customization sitting around the operations around the different assets,” he said.Tokenization could also streamline transfer agency,…

This is part of 1776 All-Stars, a series about Reason’s favorite American Founders. Read more here. Joanna Andreasson In the final days of the American Revolution, Continental Army soldiers gathered in Newburgh, New York, to demand that Congress fund their back pay and promised pensions. Anonymous letters circulating among the troops suggested that they might refuse to disband, and might even overthrow Congress, if their benefits weren’t forthcoming. Some of the generals and politicians egging the soldiers on hoped that George Washington would take up his men’s cause and in doing so replace a weak Congress with a powerful new federal government. Instead, Washington…

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