PANews reported on June 21 that Tom Wan, head of data at Entropy Advisors, disclosed on X platform that 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 Baillie Gifford's tokenization pilot project.
It is reported that UCITS funds are a special investment instrument in the European Union, officially known as the Undertakings for Collective Investment in Transferable Securities, specifically designed to invest in transferable securities. As part of this pilot program, Baillie Gifford plans to hold tokens of the fund in a self-custodied wallet, and during the pilot, the tokenized fund will be exclusively available for a selected group of whitelisted clients.
