Baillie Gifford Launches Tokenized Fund with BNY on Solana, Ethereum

TradFi fund manager Baillie Gifford has introduced a new tokenized fund that gives eligible investors access to an actively managed portfolio of public corporate bonds. The Baillie Gifford Enhanced Yield Fund (BAGEY) is denominated in dollars and features a short-duration investment strategy.

The fund is being offered in partnership with BNY, which will facilitate the tokenization process on both the Solana and Ethereum blockchain platforms. This move marks an expansion of Baillie Gifford's presence in the digital asset space.