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UK mutual fund Baillie Gifford launches fully tokenized UCITS fund on Ethereum

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2025-06-21 11:28:53
Baillie Gifford, one of the UK's largest mutual funds with assets under management of £197 billion, has announced that it has selected Ethereum to launch a fully tokenized UCITS fund, the regulated Strategic Bond Feeder Fund, which is also a pilot project for the fund's giant tokenization. The UCITS fund is a special investment vehicle of the European Union, known as the Transferable Securities Collective Investment Scheme, which invests in tradable securities. As part of the pilot, Baillie Gifford plans to hold the fund's tokens in a self-custodial wallet. It is reported that during the pilot period, the tokenized fund will be exclusively used by a select group of white Named Accounts.
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