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Baillie Gifford adopts Ethereum as legal register for UK funds
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Baillie Gifford Chooses Ethereum to Track Legal Ownership of UK Fund
TL,DR: British asset manager Baillie Gifford implemented the Ethereum and Solana network as the official legal ownership registry for the Baillie Gifford Enhanced Yield Fund (BAGEY). The fund, structured as an Open-Ended Investment Company (OEIC) regulated in the United Kingdom, focuses on a portfolio of short-duration corporate bonds. The tokenization and institutional wallet management infrastructure ...
Baillie Gifford describes the stakes of her Enhanced Yield Fund as tokens whose blockchain registration works as a legal source of ownership. BAGEY was launched in Ethereum and Solana, combines onchain technology with a bond portfolio and is aimed at eligible investors.
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