Baillie Gifford Launches Tokenized Bond Fund Operating 24/7
Baillie Gifford Launches Tokenized Bond Fund Operating 24/7
馃彟 Old money goes onchain
Century-old asset manager Baillie Gifford has launched a tokenized bond fund.
The fund, ticker $BAGEY, represents a significant move by a traditional financial institution into blockchain-based securities. Key features include:
- Native onchain issuance of the bond fund
- Direct delivery of corporate bond yields to token holders
- Continuous 24/7/365 operation
- Dollar-denominated structure
- Actively managed portfolio of short-duration public corporate bonds
The launch demonstrates growing institutional adoption of tokenized securities, allowing traditional investment products to operate with blockchain's always-on infrastructure. Eligible investors can now access corporate bond yields through a digital token rather than traditional fund structures.
This marks a notable shift as established financial institutions increasingly embrace blockchain technology for asset management and distribution.
JUST IN: 100+ year-old asset management firm Ballie Gifford launches new tokenized bond fund. $BAGEY is issued natively onchain & delivers corporate bond yields directly to users while operating 24/7/365.
Today we introduce $BAGEY: the Baillie Gifford Enhanced Yield Fund. An actively managed bond fund, issued natively onchain, with the blockchain as the legal source of truth. Most tokenised funds are wrappers: a tokenised claim on a fund whose structure and ownership record live
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