Baillie Gifford Launches 7% Tokenized Corporate Bond Fund on Ethereum, Solana
Baillie Gifford, the 118-year-old Scottish asset manager, launched BAGEY, a UK-regulated tokenized version of its Enhanced Yield Fund, on the Solana and Ethereum blockchains. The corporate bond fund offers about a 7% yield.
The fund is issued natively on the two networks and settles in USDC, with BNY providing the tokenization infrastructure.
From the sources (3 posts)
@cointelegraph🇬🇧 LATEST: 118-year-old asset manager Baillie Gifford has launched $BAGEY, a UK-regulated tokenized bond fund issued natively on Solana and Ethereum.
@coindeskJUST IN: 118-year-old Scottish investment firm @BaillieGifford has launched a tokenized corporate bond fund on @Ethereum and @Solana, offering ~7% yield with BNY providing the tokenization infrastructure.
@tokensBREAKING: Baillie Gifford ( @BGDA_UK ) has launched a tokenised version of its Enhanced Yield Fund, $BAGEY, on @Solana. A UK-regulated fund issued onchain and settled in USDC, built with BNY.