UK asset manager Baillie Gifford announced the launch of 'Baillie Gifford Enhanced Yield Fund (BAGEY)', a Solana (SOL) and Ethereum (ETH)-based tokenized bond fund, in collaboration with global custodian BNY. BAGEY is a dollar-denominated fund, offering investors an opportunity to invest in an actively managed portfolio focused on short-term corporate bonds. The current expected yield is approximately 7%. Theo Golden, Head of Digital Assets & Tokenization at Baillie Gifford, explained, "BAGEY is not a structure where tokens are overlaid on an existing fund, but a fund issued directly on the blockchain. Investors directly own the fund and have direct rights." BNY provides the tokenization and wallet infrastructure for the fund, which operates under a UK-regulated Open-Ended Investment Company (OEIC) structure.
