TradFi fund manager Baillie Gifford introduces Solana, Ethereum tokenized fund with BNY
Analysis
Price Impact
MedThis news highlights the increasing integration of traditional finance (tradfi) with the crypto space, specifically mentioning ethereum and solana. while it's a positive step for adoption, it pertains to a tokenized bond fund, not a direct investment in eth or sol as cryptocurrencies. the impact on the immediate price of eth and sol might be limited, but it signals growing institutional interest and validation for the underlying blockchains.
Trustworthiness
HighPrice Direction
BullishThe news is bullish for eth and sol as it demonstrates tangible use cases and increasing adoption by established financial players. this integration can lead to greater liquidity, institutional investment, and broader acceptance of these networks, potentially driving up demand and price.
Time Effect
LongThe full impact of this news will likely unfold over the long term as more such tokenized funds are introduced and the market matures. the current announcement is a step in a larger trend of rwa tokenization.
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Article Content:
Finance TradFi fund manager Baillie Gifford introduces Solana, Ethereum tokenized fund with BNY Baillie Gifford Enhanced Yield Fund (BAGEY) is denominated in dollars, and gives eligible investors access to 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 read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on BNY office (BNY) Summary Show The fund operates through a U.K.-regulated OEIC structure on Ethereum and Solana. BNY will provide tokenization and wallet infrastructure for the fund, while NatWest Trustee and Depositary Services will act as the fund’s depositary. Baillie Gifford, a 118-year-old investment firm based in the Scottish capital of Edinburgh, unveiled a fixed-income tokenized fund in association with global custody giant BNY, the companies said on Monday. Baillie Gifford Enhanced Yield Fund (BAGEY) is denominated in dollars, and gives eligible investors access to an actively managed, short-duration portfolio of public corporate bonds using the Ethereum and Solana public blockchains, according to a press release. The fund is operated through a U.K.-regulated Open-Ended Investment Company (OEIC), a type of collective investment fund structured as a limited liability company that spreads capital from multiple investors across equities or bonds. The fund, which currently offers a yield of around 7%, will be available to eligible investors in the U.K., Switzerland and Cayman Islands, subject to applicable laws, regulations and distribution restrictions. Tokenization of real-world assets (RWAs) has taken the traditional finance world by storm, but merely wrapping legacy infrastructure in a digital layer will not fundamentally improve finance, said Theo Golden, head of digital assets and tokenization at Baillie Gifford. “The Baillie Gifford Enhanced Yield Fund is not a token placed on top of a fund. It is a fund issued onchain, with the blockchain serving as the register of record. Investors hold the fund directly: direct ownership, direct recourse,” Golden said in a statement. BNY will provide tokenization and wallet infrastructure for the fund, while NatWest Trustee and Depositary Services will act as the fund’s depositary. “Tokenisation has moved from concept to real-world application, and this launch shows how regulated fund structures can evolve to meet the needs of a more digital, connected marketplace,” said Katey Neate, global head of investor solutions at BNY. Tokenization Latest Crypto News 1 Bitcoin ETF outflow pain eases just as another headwind gathers strength 32 minutes ago 2 As bitcoin, altcoin prices gain, derivatives signal skepticism over a sustained rally 57 minutes ago 3 Bank of England backs down on strict stablecoin holding limits, sets $50 billion issuance cap 1 hour ago 4 Geopolitical relief meets the Warsh Fed: Crypto Week Ahead 1 hour ago 5 Taiko halts its Ethereum layer-2 network after a bridge exploit, token dives 2 hours ago 6 Bitcoin price may be headed to $54,000, says analyst who forecast October's all-time high 2 hours ago 7 Live markets: Friday's biggest bitcoin options expiry of the year puts $60,000 in focus 4 hours ago 8 Bitcoin developers want to fix the 'replace this transaction with a higher fee' button. Here's why 5 hours ago 9 Ethereum validators asked to fund projects with up to 10% of staking rewards under new proposal 6 hours ago 10 XRP briefly loses $1.14 support before buyers drive sharp rebound 6 hours ago Latest Research 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 Research Jun 15, 2026 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. 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. View Full Report More From Finance GoMining challenges Jack Dorsey's Square with payments system designed around bitcoin Alchemy's AI-driven identity and payment service gains access to Visa network Here is how Coinbase plan to survive the crypto downturn by ditching its reliance on trading fees