Baillie Gifford now uses Ethereum as the official ownership register for its Enhanced Yield Fund, a UK-regulated fund with the ticker BAGEY. Unlike most tokenized funds, the tokens directly represent investors’ interests rather than serving as digital copies of an off-chain register. The fund invests in government and corporate bonds, targets a yield of approximately 7%, and allows daily trading with a $100 minimum for eligible investors. Distribution began on Solana, while unit minting on Ethereum started on August 5, 2026. The structure relies on BNY Mellon’s tokenization infrastructure, uses NatWest Trustee and Depositary Services as depositary, and follows the FCA’s PS26/7 policy permitting blockchain-based unit-holder registers in OEIC funds.
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