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Baillie Gifford and BNY jointly launched the tokenized fixed income fund BAGEY, which is deployed simultaneously on the Ethereum and Solana public chains. This fund is aimed at investors in the UK, Switzerland, and the Cayman Islands, offering actively managed short-term corporate bond portfolios with a current yield of approximately 7%. BAGEY is directly issued on the chain, with blockchain serving as an equity register and investors holding shares directly. BNY provides tokenization and wallet infrastructure, with NatWest trustees and custodial service companies serving as fund custodians.