Baillie Gifford has launched the United Kingdom’s first fully native tokenized investment fund, bringing a traditional fixed-income product directly onto public blockchain networks. The Edinburgh-based asset manager introduced the Baillie Gifford Enhanced Yield Fund, known as BAGEY, in partnership with BNY. Unlike many tokenized funds that add blockchain features to existing structures, BAGEY operates entirely onchain. The fund uses Ethereum and Solana as its official ownership registry, allowing blockchain records to serve as the primary source of ownership.