The fund is designed for digital-market participants seeking access to an actively managed fixed-income strategy not previously available in tokenised form. The firm said it is seeing interest from investors who already have onchain capabilities, and crypto native investors, including family offices. It also expects the fund to be a good entry point for traditional clients who want to test out digital assets, such as DC pension and financial advisory platforms and wealth managers.

Money-market funds have shown that regulated investment products can operate onchain. BAGEY builds on that foundation as a US dollar-denominated, UK-regulated OEIC investing in a portfolio of government and corporate bonds. The strategy brings actively managed, short-duration fixed income onto the same infrastructure in pursuit of enhanced yield relative to its benchmark. The portfolio offers a yield of about 7 per cent in dollars, two-year duration and an average credit quality of BBB.

BAGEY is available exclusively as a natively issued tokenised fund. Deployment will start on Ethereum, with Solana to follow. As a fully native tokenised fund, each token represents an investor’s holding, and the blockchain is the legal record of ownership. Eligible professional investors can access and hold the Fund through regulated digital asset custodians, including BNY, Anchorage Digital, Archax and BitGo Bank & Trust.