Baillie Gifford Enhanced Yield Fund (BAGEY) is dollar-denominated, providing eligible investors with an actively managed, short-duration portfolio of public corporate bonds.
By Ian Allison|Edited by Sheldon Reback Jun 22, 2026, 12:01 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on BNY office (BNY)SummaryShow- The fund utilizes a U.K.-regulated OEIC structure and operates on Ethereum and Solana.
- BNY is responsible for the tokenization and wallet infrastructure of the fund, while NatWest Trustee and Depositary Services will serve as the fund’s depositary.
Baillie Gifford, an investment firm with a history spanning 118 years and located in Edinburgh, has announced the launch of a fixed-income tokenized fund in collaboration with BNY, a global custody leader.
The Baillie Gifford Enhanced Yield Fund (BAGEY) is dollar-denominated and offers eligible investors access to an actively managed portfolio of short-duration public corporate bonds, utilizing the Ethereum and Solana blockchains, as detailed in a press release.
This fund is structured as a U.K.-regulated Open-Ended Investment Company (OEIC), which allows investment pooling from various investors into equities or bonds.
Currently providing a yield of approximately 7%, the fund will be accessible to eligible investors in the U.K., Switzerland, and the Cayman Islands, depending on relevant laws and regulations.
The trend of tokenizing real-world assets (RWAs) has gained traction in traditional finance; however, Theo Golden, Baillie Gifford’s head of digital assets and tokenization, cautions that simply adding a digital layer to existing structures won’t enhance financial systems fundamentally.
“The Baillie Gifford Enhanced Yield Fund is not just a token layered over a fund; it is a fund issued on-chain, where the blockchain acts as the official register. Investors have direct ownership and recourse,” Golden stated.
BNY will handle the fund's tokenization and wallet infrastructure, with NatWest Trustee and Depositary Services as the depositary.
“The evolution of tokenization from theory to practical application is evident in this launch, which demonstrates how regulated fund structures can adapt to the demands of a more interconnected digital marketplace,” commented Katey Neate, global head of investor solutions at BNY.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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