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Guavy AI Editorial Team••Sentiment: 2.8•Clout: 40

Baillie Gifford Tokenizes Bond Fund on Ethereum and Solana

ETHSOL

UK-based asset manager Baillie Gifford has launched its first tokenized bond fund, BAGEY, on Ethereum and Solana. The actively managed fund invests in a dollar-denominated portfolio of short-term public corporate bonds and currently offers a yield of about 7%.

BAGEY is structured as a UK-regulated open-ended investment company (OEIC) and is available to eligible investors in the UK, Switzerland, and the Cayman Islands. The fund is issued on-chain, with the blockchain serving as the official book of record.

BNY is providing the tokenization and wallet infrastructure for the fund, while NatWest Trustee and Depositary Services serves as the fund's depositary.