Baillie Gifford: Launches Native Onchain Bond Fund $BAGEY

Baillie Gifford launched $BAGEY, the Enhanced Yield Fund, as a natively issued onchain bond fund where the token itself records ownership and enables stablecoin subscriptions within a UK-regulated structure. This marks a shift from earlier tokenized funds that relied on offchain records and wrapper structures, aligning with the history of regulated tokenized funds on blockchain that now prioritize direct onchain truth. BGDA_UK and TFGolden drove the Digital Assets effort to eliminate intermediaries in fund ownership.