One of the largest mutual funds in the UK, Baillie Gifford, has chosen Ethereum to launch a tokenized UCITS fund.

robot
Abstract generation in progress

[Chain News] PANews June 21 news, Baillie Gifford, one of the largest mutual funds in the UK with assets under management of £197 billion, announced that it has chosen Ethereum to launch a fully tokenized UCITS fund. This regulated Strategic Bond Feeder Fund ( is also Baillie Gifford’s tokenization pilot project.

It is reported that UCITS funds are a special investment tool in the European Union, fully known as the Undertakings for Collective Investment in Transferable Securities, which specifically invests in transferable securities. As part of this pilot program, Baillie Gifford plans to hold the fund’s tokens in a self-custodied wallet, and during the pilot period, the tokenized fund will be exclusively available for use by a selected group of whitelisted clients.

ETH-3.12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)