Neuberger Berman, the $613 billion asset manager, has joined forces with tokenization platform Securitize to launch a multi-chain tokenized high-yield fixed-income fund — a development that signals a meaningful acceleration in institutional finance's embrace of blockchain-based asset infrastructure. By deploying across four distinct public blockchains simultaneously, the partners are not merely experimenting at the edges of digital asset technology; they are staking a serious institutional claim on what the next generation of fixed-income distribution could look like.
A Subadvisory Structure Built for the Blockchain Era
Neuberger Berman will serve as subadvisor to the fund, lending its deep credit expertise to a product that Securitize structures and tokenizes. This division of labor is instructive. Rather than attempting to build proprietary tokenization infrastructure in-house — a costly and technically demanding undertaking even for firms managing hundreds of billions of dollars — Neuberger Berman is leveraging Securitize's established platform and regulatory relationships. The arrangement mirrors the way traditional asset managers have historically partnered with fund administrators and transfer agents, but applied now to a blockchain-native context where the "administrator" is simultaneously the distribution rail, the custody mechanism, and the settlement layer.
Securitize has emerged as one of the most prominent tokenization intermediaries in institutional finance, having previously facilitated high-profile digital asset fund launches for other major players in the industry. Its involvement here lends operational credibility to what might otherwise be dismissed as a branding exercise. For Neuberger Berman, the partnership allows the firm to move quickly into the tokenized fund space without diverting engineering resources from core investment operations.
Four Chains, One Strategy — and a Deliberate Message
Perhaps the most striking architectural choice in this launch is the decision to tokenize the fund across four separate blockchain networks: Ethereum, Solana, Avalanche, and Sui. Each network brings a distinct investor community, liquidity profile, and technical capability. Ethereum remains the dominant venue for institutional decentralized finance activity and tokenized real-world assets, providing access to the deepest pool of on-chain capital. Solana offers high throughput and low transaction costs, attracting a retail and developer base that has grown substantially over the past two years. Avalanche has carved out a niche in institutional and enterprise blockchain deployments, while Sui represents a newer, performance-oriented Layer 1 with a growing ecosystem.
Deploying simultaneously across all four is a statement about market reach as much as it is a technical decision. It signals that Neuberger Berman and Securitize are not betting on a single-chain future for tokenized finance. Instead, they appear to be positioning for a multi-chain landscape in which investors will hold and transact assets wherever they already have on-chain presence — rather than migrating to a platform of the issuer's choosing. This investor-centric distribution logic is a significant departure from the walled-garden mentality that has characterized most traditional fund structures.
High Yield as the Asset Class of Choice
The decision to tokenize a high-yield fixed-income strategy — rather than, say, a money market fund or a plain-vanilla investment-grade bond portfolio — is notable. High-yield credit has historically been less accessible to smaller or non-institutional investors due to minimum investment thresholds, liquidity constraints, and limited secondary market transparency. Tokenization, in theory, addresses each of these friction points: fractional ownership lowers minimums, blockchain-based settlement compresses liquidity cycles, and on-chain transparency provides investors with real-time visibility into holdings and transactions.
For Neuberger Berman specifically, high yield is a segment where the firm has long-standing expertise and a well-regarded investment franchise. Applying that expertise to a tokenized wrapper is a logical extension of existing capabilities, rather than a pivot into unfamiliar territory. It also places the fund in a growing category: tokenized credit products have attracted considerable institutional attention as yields on traditional fixed-income instruments have remained elevated, making the asset class broadly attractive to investors seeking income generation.
What This Means for Institutional Tokenization
The Neuberger Berman–Securitize collaboration arrives at a moment when the tokenization of real-world assets has moved well beyond proof-of-concept. Major financial institutions across the globe — from sovereign wealth funds to bulge-bracket banks — have piloted, launched, or announced tokenized fund products in recent years. What distinguishes this particular launch is the combination of scale, multi-chain ambition, and asset-class specificity. A $613 billion manager does not subadvise niche experiments; it deploys capital at scale into structures it expects to grow.
The multi-chain architecture also raises important questions about interoperability, compliance, and investor protection across jurisdictions that regulators will need to address with increasing urgency as products like this become more mainstream. How on-chain transfer restrictions travel across Ethereum, Solana, Avalanche, and Sui — and how investor eligibility checks are enforced at each layer — will be a defining technical and legal challenge for the entire tokenized fund industry in the years ahead. Neuberger Berman and Securitize are, in a sense, writing the early chapters of that rulebook by operating at this level of complexity and visibility.
Written by the editorial team — independent journalism powered by Codego Press.
