Baillie Gifford Unveils UK-Regulated Tokenized Bond Fund on Solana and Ethereum

Baillie Gifford, a UK-based investment firm, has launched a tokenized corporate bond fund on Solana and Ethereum. The fund, called the Baillie Gifford Enhanced Yield Fund with ticker $BAGEY, targets an annual yield of roughly 7% through active fixed-income management.

The fund is issued natively onchain, with the blockchain serving as the legal source of truth. This design means that subscriptions and redemptions settle directly against the chain in USDC, removing the need for a transfer-agent intermediary layer.

BNY provides the tokenization and wallet infrastructure for the fund, which is open to subscriptions via USDC on both Solana and Ethereum chains. The dual-chain deployment addresses distinct investor segments, with Solana's lower transaction costs suited to smaller institutional and retail subscribers, while Ethereum's existing institutional DeFi integrations suit larger allocators.