Baillie Gifford Launches UK-Regulated Tokenized Bo
Baillie Gifford Launches UK-Regulated Tokenized Bond Fund on Solana and Ethereum With BNYBaillie Gifford, the Edinburgh-based investment firm, has launched a tokenized corporate bond fund natively on Solana and Ethereum, making it the first publicly available, fully native UK-regulated tokenized fund issued on public blockchains.
The fund, called the Baillie Gifford Enhanced Yield Fund with ticker $BAGEY, targets roughly 7% annual yield through active fixed-income management, CoinDesk reported Monday. BNY provides the tokenization and wallet infrastructure. Baillie Gifford's digital-assets unit BGDA announced the launch describing it as "an actively managed bond fund, issued natively onchain, with the blockchain as the legal source of truth." Fund size at launch has not been disclosed publicly.Most tokenized funds operate through a wrapper structure: investors hold a tokenized receipt representing a claim on a fund whose ownership records remain off-chain in a traditional registrar. BAGEY uses a different architecture. The token itself is the legal holding. Subscriptions and redemptions settle in $USDC directly against the chain. Solana's official account confirmed the design: "Not a wrapper. The blockchain is the register of record."That structure has practical implications for
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