Natively tokenized short-duration bond fund (BAGEY)

The Baillie Gifford Enhanced Yield Fund (BAGEY) is a UK-regulated OEIC holding short-duration government and corporate bonds, whose units are issued directly as tokens on Ethereum and Solana, with the blockchain as the fund's legal register of ownership. BNY provides the tokenization and wallet infrastructure and NatWest Trustee and Depositary Services is depositary. Announced on 22 June 2026, the fund launched on 5 August 2026, the day its first units were minted on Ethereum, for eligible professional investors in the UK, Switzerland and the Cayman Islands.