Baillie Gifford in the UK issues the first tokenized UCITS fund on Ethereum.

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[Coin World][British mutual fund Baillie Gifford launches fully tokenized UCITS fund on Ethereum] Baillie Gifford, one of the largest mutual funds in the UK with assets under management of £197 billion, has announced the launch of a fully tokenized UCITS fund on Ethereum. The regulated Strategic Bond Feeder Fund ( is also part of this fund giant’s tokenization pilot project. UCITS funds are a special type of investment vehicle in the EU, formally known as Undertakings for Collective Investment in Transferable Securities, which specifically invest in transferable securities. As part of this pilot, Baillie Gifford plans to hold the tokens of the fund in a self-custody wallet, and it is reported that during the pilot period, the tokenized fund will be exclusively available for a select group of allowlist clients.

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