Spent yeast is one of the main fermentation process by-products and several bioactive ingredients have been extracted from it, such as mannans and β-glucans. These extraction processes generate waste streams rich in protein, that can still be used to produce peptide-rich extracts. This work describes the use of a scalable and low-cost process to obtain yeast peptide extracts in a circular economy concept. Peptide fractions produced contained 48.3 to 86.4% of protein (w/w) and essential amino acids amounts higher than those defined by FAO and WHO references. Regarding their bioactive properties, extracts exhibited strong antihypertensive and antioxidant activities. Furthermore, an inhibition of 62.0-71.3% in HMG-CoA reductase was observed, a feature hereby described for the first time, thus stating the cholesterol-lowering capacity of yeast peptides. In conclusion, due to their combined nutritional and bioactive characteristics, the produced yeast peptide extracts are good candidates for dietary supplementation and functional foods. All rights reserved, Elsevier.