Baillie Gifford brings tokenised fixed income fund to Singapore
RWA Signal Insight
Active StrategiesBaillie Gifford has expanded its tokenized short-duration bond strategy, the Baillie Gifford Enhanced Yield fund (BAGEY), to accredited investors in Singapore. The fund targets a yield of approximately 7% with an average duration of two years and a BBB credit quality rating. Initially launched in Hong Kong this past July, the fund utilizes public blockchain infrastructure to provide native onchain access to actively managed fixed income. The strategy is currently deployed on Ethereum, with plans to integrate Solana in the future to enhance interoperability. By leveraging blockchain, the firm aims to improve settlement speeds and transparency for professional investors. This move signals a broader institutional shift toward moving actively managed strategies onto digital ledgers beyond simple money-market funds. The expansion highlights Singapore's growing role as a hub for sophisticated, onchain-native investment products.
Key points
- BAGEY fund targets 7% yield with two-year duration and BBB credit quality.
- Fund launched in Singapore following an initial July deployment in Hong Kong.
- Infrastructure currently runs on Ethereum with future integration planned for Solana.
- Strategy targets accredited investors seeking native onchain fixed income exposure.
Background
Baillie Gifford is a prominent independent investment management firm based in Edinburgh, Scotland, known for its long-term active management approach. The firm has increasingly explored digital asset infrastructure to modernize the delivery of its traditional investment strategies, focusing on efficiency and settlement improvements.