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.

SNZ is excited to support the launch of @ethlabs_org alongside @BitMNR, @Sharplink, @ethereumJoseph, and other leading Ethereum ecosystem contributors. The community made Ethereum what it is today — and @ethlabs_org reflects that core belief. As a team of long-term Ethereum contributors and some of the ecosystem’s top-tier engineers, Ethlabs is well positioned to make meaningful contributions across Ethereum. As a long-term contributor to Ethereum in Asia, SNZ will continue to work with Ethlabs to connect and support researchers, builders, founders, and communities across Asia through the Hong Kong Ethereum Community Hub @ethereumhkhub and @Ethtao_Ethtao. We'll also be sharing openly with the community what we've built over the past decade. Ethereum is for everyone. Its future will be built together.

Ethereum is for shipping. Here are 22 things the Ethereum ecosystem launched, upgraded, and announced over the past month. 0/ Ethereum hit a new all-time high of 72.8 Million monthly transactions, the highest in network history. 1/ @ethereumfndn, @chainlink, and @Nethermind launched a $1M audit subsidy program to help Ethereum builders access high-quality security reviews. 2/ South Korea’s largest crypto exchange, Upbit, announced plans for GIWA Chain, an Ethereum L2 built on @Optimism. 3/ @AragonProject introduced Permissions Audits to help protocols secure roles, multisigs, and admin systems. 4/ @fileverse shipped Comments v2, improving the collaboration experience, with privacy by default. 5/ The Ethereum Applications Guild (@EthAppsGuild) launched to support Ethereum-native apps and real-world adoption. 6/ Privacy went live on @Optimism with confidential computing support on OP Mainnet. 7/ @StarkWareLtd brought native proof verification to Starknet mainnet with Shinobi, enabling private trading flows and OTC settlement. 8/ @worldcoin launched World ID 4.0, expanding proof of human credentials across apps, enterprises, and AI agents. 9/ Applications on Ethereum hit ~$310B in user deposits. 10/ @l2beat released a new interactive interoperability map showing how value moves across Ethereum’s expanding ecosystem. 11/ @AlchemixFi launched V3, the latest version of its self-repaying, non-liquidating loan product, with higher capital efficiency and improved peg mechanics. 12/ @OfficialMoonDAO raised $172k + from 157 contributors to send the man who coined the “overview effect” to space. 13/ @ethereumfndn announced the Road to @EFDevcon 8 Academic Program, supporting regional research and academic events ahead of Devcon. 14/ Ethereum core contributors gathered in Svalbard for Soldøgn Interop, a week-long event focused on hardening Glamsterdam implementations to help scale Ethereum securely. 15/ @basepaint_xyz hit 1,000 straight days of onchain art creation, with 121M+ pixels painted and $1.5M + distributed to 4,000+ artists. 16/ New Ethereum community hubs launched in Hong Kong and Floripa, growing local coordination and ecosystem activity across Asia and Latin America. 17/ The EF’s ETH Rangers public goods security program wrapped after helping recover or freeze $5.8M, reporting 785+ vulnerabilities, and identifying ~100 North Korean IT workers targeting Web3 teams. 18/ @centrifuge launched a tokenized S&P 500 fund on @base, bringing 24/7 onchain index exposure to non-U.S. users. 19/ @0xcatalysis launched Covered Vaults on Ethereum, DeFi vaults with built-in onchain risk coverage backed by delegated capital. 20/ @Uniswap processed $3T in all-time volume on Ethereum mainnet. 21/ @RAILGUN_Project hit $5 billion of total all time private volume.

We are glad to host Ethereum Foundation (@ethereumfndn) dAI team: Head of AI Davide (@DavideCrapis) and Research Engineer Marcello (@Marcello_AI) to meet with community builders and discuss the future prospects of decentralized AI on Ethereum. Feel free to reach out for introductions. Learn more about the dAI team:

Sharplink and @galaxyhq are planning to launch the Galaxy Sharplink Onchain Yield Fund, a $125M vehicle deploying our staked ETH treasury into institutional-grade DeFi strategies. CEO @joechalom on the strategy behind it: “We’ve been very vocal that our job as an Ethereum treasury company is to make our ether productive first and, over time, to maximize that productivity.” via @Forbes:

1/ Undefined Labs hosted institutional meetings and seminars with the @ethereumfndn , @ChinaAMC_HQ , and @snzholding for: • Kyobo Life Insurance • NH Bank • NH Securities • KB Securities We discussed tokenization, stablecoins, institutional DeFi, and real-world on-chain financial infrastructure.