Baillie Gifford is moving fund infrastructure onto public chains, launching the Baillie Gifford Enhanced Yield Fund, or BAGEY, on Solana and Ethereum. It is a U.K.-regulated OEIC, with the official register of record maintained on those blockchains rather than only through conventional internal databases and transfer-agent records.
Eligible investors gain access to an actively managed, short-duration portfolio of public corporate bonds, with the fund denominated in U.S. dollars. The key shift is structural: interests in the fund are represented on public blockchains, and tokenization changes how issuance, ownership record-keeping, and transfer permissions are handled. BNY is providing the tokenization infrastructure for the fund. A regulated investment vehicle is using Solana and Ethereum as the official ledger for who owns the fund units.