According to CoinMeta, redstone announced that its instant settlement product redstone settle will be integrated with the US high-yield corporate bond fund HYB, which is managed by New York Life Investment Management Company (NYLIM) and tokenized by Centrifuge. This integration will provide a T+0 on-chain exit and liquidation mechanism for the fund. The original redemption period for HYB was T+3 to T+5. redstone settle allows bidding through liquidity providers that have been verified by KYC and added to a whitelist. When there is a need for redemption, liquidation, or deleveraging, the winning bidder receives the fund shares and provides funds immediately. The transaction can complete atomic settlement in the same block, after which the liquidity provider can exit according to the fund's original redemption process and earn the corresponding price difference. This mechanism does not require the issuer to provide additional liquidity in advance.