Baillie Gifford Launches Tokenized Corporate Bond Fund on Ethereum and Solana, Targeting ~7% Yield

CoinFeed June 22 news, according to CoinDesk, the 118-year-old Scottish investment firm Baillie Gifford has launched a tokenized corporate bond fund, issued on Ethereum and Solana, targeting a yield of approximately 7%. The fund utilizes tokenization infrastructure services provided by BNY, targeting institutions and qualified investors seeking corporate bond exposure via blockchain. This marks the latest instance of a traditional asset manager using public chains for real-world asset (RWA) issuance and settlement.