TradFi fund manager Baillie Gifford introduces Solana, Ethereum tokenized fund with BNY
Baillie Gifford has launched a tokenized corporate bond fund on the Ethereum and Solana blockchains in partnership with BNY. The fund allows eligible investors in the UK, Switzerland, and the Cayman Islands to hold assets directly on-chain.
Why it matters
This marks a significant shift in traditional finance by moving fund registration and ownership directly onto public blockchains rather than just wrapping existing assets.
Baillie Gifford Enhanced Yield Fund (BAGEY) is denominated in dollars, and gives eligible investors access to an actively managed, short-duration portfolio of public corporate bonds using the Ethereum and Solana public blockchains, according to a press release.
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