Baillie Gifford launches BAGEY, a tokenized bond fund settling in USDC or fiat
- —BAGEY is minted natively on Ethereum and Solana, which serve as the legal register of ownership
- —Targets roughly 7% yield with a two-year duration and average BBB credit quality
- —Minimum investment is $100, restricted to eligible professional investors
- —Since September 29 the fund has been available to professional investors in Switzerland, Hong Kong and the Cayman Islands
Why it matters: A major traditional asset manager moving a bond fund fully on-chain signals growing institutional demand for tokenized funds.
Source: Crypto Briefing