Ethereum · CryptoSlate
UK bond fund ownership records move onto Ethereum and Solana accessible 24/7
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A UK investment manager with over £286 billion ($377B) in assets under management is testing a sharper version of fund tokenization with BAGEY: public blockchains are being used as part of the record that says who owns a regulated UK fund.
Key facts
- A UK investment manager with over £286 billion ($377B) in assets under management is testing a sharper version of fund tokenization with BAGEY: public blockchains are being used as part of the record
- That distinction keeps LINK, ETH, and SOL price action secondary
- The policy statement covers tokenized fund models and DLT-based unitholder registers, providing BAGEY with a regulatory framework beyond an isolated product launch
- CryptoSlate previously covered the UK's move to approve tokenizing FCA-authorized investment funds
Summary
01 Baillie Gifford's BAGEY uses public blockchains as part of the legal ownership record for a UK-regulated bond fund. 02 That shifts tokenization from a distribution wrapper toward fund administration, where on-chain records can govern who owns the asset. 03 The model still must prove transfer, collateral, settlement, custody, and recovery mechanics work beyond a controlled primary-market setting. That finally moves the tokenization debate into fund administration rather than distribution alone.