
Baillie Gifford Takes Tokenisation Beyond Cash as Bond Fund Opens Across Four Markets
Investment manager Baillie Gifford has launched the Baillie Gifford Enhanced Yield Fund (BAGEY), a UK-regulated OEIC that marks a significant shift from simple cash management to actively managed fixed-income tokenization. The fund is available to professional investors in the UK, Switzerland, Hong Kong, and the Cayman Islands, offering exposure to a portfolio of government and corporate bonds. With a target yield of approximately 7% in USD, the fund maintains a two-year duration and an average credit quality of BBB. BAGEY is issued natively on the Ethereum blockchain, with plans to expand to Solana, and utilizes the blockchain as the legal record of ownership. Investors can mint and redeem tokens using fiat or USDC, with a minimum investment threshold of $100. The fund provides daily NAV updates alongside indicative pricing every 15 minutes to enhance transparency for digital-market participants. By integrating active bond selection and credit allocation onchain, Baillie Gifford aims to demonstrate the practical utility of tokenization for complex investment strategies. This expansion signals a maturing RWA market where institutional managers move beyond money-market funds into more sophisticated, yield-generating fixed-income products.













