Introduction
Introduction
What is HYBOND?
HYBOND is an upcoming smart contract-based vault that offers investors direct, on-chain access to the BNY Global Short-Dated High Yield Bond Fund. Each HYBOND token is fully backed by the underlying assets of the fund. Token holders receive returns that reflect the performance of the underlying portfolio managed by BNY.
Key Highlights
Token Ticker
HYBOND
Token Standard
ERC-20
Network
Ethereum
Underlying Fund
BNY Global Short-Dated High Yield Bond Fund
Forecasted APY
~7.9%
Settlement
T+4 (Ireland & US business days)
Redemption Fee
0.10% (10bps)
Management Fee
0.35% per annum (35bps)
Why HYBOND?
HYBOND bridges traditional finance (TradFi) and decentralized finance (DeFi) by enabling programmable, on-chain ownership of high yield short-dated bond assets. It is designed for crypto-native investors — particularly DAO treasuries — seeking real-world yield without leaving the on-chain ecosystem.
Use cases include:
Yield generation for idle stablecoin treasuries
Collateralization in DeFi lending and borrowing markets (Coming soon)
On-chain leverage via looping strategies (Coming soon)
Reserve asset diversification away from pure T-Bills
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