Baillie Gifford Launches Tokenized Fund on Solana and Ethereum with BNY
On June 22, 2026, Baillie Gifford announced the launch of its Enhanced Yield Fund, enabling access to a managed portfolio of corporate bonds via Ethereum and Solana. The project, developed in partnership with BNY, aims to provide direct ownership to investors through tokenization, according to CoinDesk.
Baillie Gifford, a prominent investment firm headquartered in Edinburgh, has introduced the Baillie Gifford Enhanced Yield Fund (BAGEY). This tokenized fund operates on the Solana and Ethereum blockchains and is structured as a U.K.-regulated Open-Ended Investment Company (OEIC). The fund primarily focuses on public corporate bonds and is denominated in dollars, currently offering a yield of approximately 7%.
The partnership with BNY includes tokenization and wallet infrastructure, while NatWest Trustee and Depositary Services serves as the fund's depositary. The Enhanced Yield Fund is aimed at eligible investors in the U.K., Switzerland, and the Cayman Islands, adhering to relevant regulations and distribution restrictions.
The fund's structure signifies a broader trend in traditional finance toward the tokenization of real-world assets (RWAs). Theo Golden, head of digital assets and tokenization at Baillie Gifford, emphasizes that this initiative goes beyond merely layering digital technology onto existing frameworks.
"The Baillie Gifford Enhanced Yield Fund is not a token placed on top of a fund. It is a fund issued onchain, with the blockchain serving as the register of record. Investors hold the fund directly: direct ownership, direct recourse,"
said Golden. This model aims to enhance transparency and ownership rights for investors.Katey Neate, global head of investor solutions at BNY, commented on the capabilities of tokenization, stating,
"Tokenisation has moved from concept to real-world application, and this launch shows how regulated fund structures can evolve to meet the needs of a more digital, connected marketplace,"
indicating a shift in how investment structures adapt to digital advancements.This launch reflects a growing interest in integrating blockchain technology with traditional investment structures, showcasing how legacy finance is beginning to adapt to emerging digital frameworks. Stakeholders will want to observe the fund's performance and investor uptake as it enters the market.
Summary based on original reporting by Ian Allison at CoinDesk, originally published Jun 22, 2026. SolanaWire does not republish source content.
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