Edinburgh-based asset manager Baillie Gifford, overseeing approximately $237B to $260B in assets, has launched its Enhanced Yield Fund (BAGEY) as a fully on-chain tokenized bond product native on Ethereum and Solana. The fund targets professional investors with a $100 minimum investment and aims for approximately 7% yield, settling in USDC or fiat currencies. It consists of an actively managed short-duration bond portfolio with roughly two-year duration and average BBB credit quality rating. BAGEY launched on June 22, 2026, and had expanded to Switzerland, Hong Kong, and the Cayman Islands by September 29, 2026.
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