We’re pleased to announce that HiYield will deploy Vanguard High-Yield Corporate Fund (VWEAX) on Canto. The partnership aims to advance and further scale the neofinance infrastructure – or the protocolization of traditional finance – by tokenizing a diverse range of institutional-grade real world assets (RWAs).
HiYield builds key components of onchain capital markets infrastructure with the goal of bolstering onchain liquidity and efficiency. Founded by seasoned crypto strategists and former Deutsche Bank investment bankers specializing in Asset-Backed Securities, and Debt Capital Markets and Equity Research, HiYield manages the tokenization of RWA offerings to build more accessible global investments. With its onchain lending market built for fixed-income collateral types, HiYield deploys and maintains custom lending facilities on behalf of institutions with unique requirements while providing full access to traditional public markets through its tokenization service.
“We are excited to launch Vanguard High-Yield Corporate Fund (VWEAX) natively on Canto,” said Scott Smiley, Cofounder HiYield. “As traditional finance continues to embrace the benefits of onchain protocolization, it’s clear that blockchain will deliver more efficient and accessible investment strategies than traditional financial infrastructure”
For more details on HiYield, visit hiyield.xyz.
Canto is a Layer 1 blockchain built with the Cosmos SDK that offers an EVM execution layer and core financial primitives, including a decentralized exchange, lending market, and unit of account (NOTE). Canto presents the radical notion that DeFi primitives should exist as Free Public Infrastructure (FPI), or free-to-use public utility protocols. Development is stewarded by the Canto Commons, an open and permissionless framework for coordinating around a decentralized public protocol.
In Sept 2023, the Commons announced a planned migration to a ZK L2 on Ethereum – powered by Polygon CDK. This ZK chain will be dedicated to Real World Assets in support of neofinance.