The Baillie Gifford Enhanced Yield Fund ($BAGEY), the first fully native UK-authorised tokenised fund, is now open for subscription on
@ethereum.
Most tokenised funds are wrappers. $BAGEY is natively issued onchain, meaning Ethereum is the legal register for an FCA-authorised UK fund. The token is the holding, not a claim on a vehicle that holds it.
This sets the standard for native tokenisation. From a $260 billion asset manager founded in 1908.