Baillie Gifford launches UK-regulated ‘fully native’ tokenised fund $BAGEY on Solana
AI Market Summary
Baillie Gifford (c.£197bn AUM) has launched a UK FCA-regulated, fully native tokenised fund (BAGEY) issued on Solana, supported by BNY Mellon's new digital transfer agent. This is a notable institutional validation of Solana as compliant tokenisation infrastructure and signals accelerating adoption of on-chain fund administration, which can improve liquidity, settlement efficiency, and credibility for regulated real-world asset issuance on public chains.
Impact level
● High
Affected assets
SOL/USDT-2.00%
AI Insight · SOL/USDTAI Insight
▲ Bullish
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Baillie Gifford, which manages £197bn in assets, has launched what it described as the first ‘fully native’ UK-regulated tokenised fund, $BAGEY. The fund is issued on the Solana blockchain. It is using BNY’s newly launched digital transfer agent service to support the structure. The move marks Solana’s first use as the underlying chain for a fund recognised within the UK Financial Conduct Authority (FCA) framework.
