Today we introduce $BAGEY: the Baillie Gifford Enhanced Yield Fund. An actively managed bond fund, issued natively onchain, with the blockchain as the legal source of truth.
Most tokenised funds are wrappers: a tokenised claim on a fund whose structure and ownership record live offchain.
$BAGEY is different.
No wrapper. The token is your holding in the fund, with ownership recorded onchain, and subscribe and redeem in stablecoins. All of it within a UK-regulated fund structure.
That is what native means. $BAGEY, own it, natively.