Woofun AI reports that Baillie Gifford has officially launched BAGEY, its enhanced return fund, at an event in Hong Kong. The fund is issued directly on public blockchain infrastructure, where tokens represent investor shareholdings and the blockchain serves as the official ownership record.

Eligible professional investors may subscribe to and redeem BAGEY tokens using fiat currency or stablecoins, initially USDC. Denominated in US dollars, the fund operates on the Ethereum and Solana blockchains. Through stablecoin channels, BAGEY provides T+0 redemption options, capped at 10% of the fund’s net asset value.