Deployments · platform by BNY

Baillie Gifford Enhanced Yield Fund (BAGEY)Updated 6 Nov 2026

A US dollar, UK-authorised OEIC investing in short-duration government and corporate bonds, issued only in native tokenised form: each token is the investor's holding and the public blockchain is the legal register. Built with BNY; available to eligible professional investors in the UK, Switzerland, Hong Kong and the Cayman Islands.

Live (limited) since 22 Jun 2026^[1]i · Reviewed 13d ago i

Assets

Fund interest^[1]

OEIC shares issued only as tokens

Networks

Ethereum Public, permissionless^[1]

Solana Public, permissionless^[1]

Use cases i

Primary issuance^[1]Fund subscription and redemption^[4]

Jurisdictions

United Kingdom, Switzerland, Hong Kong, Cayman Islands

Participants

• Baillie GiffordIssuer, Asset manager^[1]United Kingdom
• BNYPlatform provider, Technology provider, Custodian^[2][6]United States
• NatWestDepositary or trustee^[3][6]United Kingdom
• Anchorage DigitalCustodian^[5]United States
• ArchaxCustodian^[5]United Kingdom
• BitGoCustodian^[5]United States
• CMSLegal or professional adviser^[2]United Kingdom
• PwCAuditor or reserve attestor^[6]United States

Operates under

• FCA rule modifications for the Baillie Gifford Enhanced Yield FundUnited Kingdom · Firm-specific rule modification or waiver^[2]
• SFC authorisation of the Baillie Gifford Enhanced Yield Fund for Hong Kong professional investorsHong Kong · Product or firm authorisation^[4]

Likely relevant regulation i

• Swiss DLT Act (Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology)Switzerland
• FCA fund tokenisation framework (authorised funds, COLL)United Kingdom
• SFC framework for tokenised securities and tokenised SFC-authorised investment productsHong Kong
• Digital Securities Sandbox (UK)United Kingdom

Assets

• IssuesBaillie Gifford Enhanced Yield Fund (BAGEY)^[1]

Timeline

1. Happened 29 Sep 2026 · Scope expansion · recorded 11 Oct 2026
   Fund opens to eligible investors in the UK, Switzerland, Hong Kong and the Cayman Islands.^[5]
2. Happened Jul 2026 (month only) · Regulatory approval · recorded 11 Oct 2026
   Hong Kong SFC authorises the fund for professional investors.^[4]
3. Happened 22 Jun 2026 · Launch · recorded 11 Oct 2026
   Baillie Gifford launches the fund with BNY as the first publicly available fully native UK-regulated tokenised fund.^[1]

Sources i