Woofun AI reports that UK asset manager Baillie Gifford has launched a tokenized fund utilizing Ethereum and Solana to manage on-chain legal ownership records for a UK-regulated bond fund. This initiative marks a significant expansion of institutional blockchain adoption beyond cryptocurrencies into traditional fixed-income markets.

The fund leverages tokenization to record share ownership directly on the Ethereum and Solana networks, facilitating more efficient transfer and settlement mechanisms. Baillie Gifford, which manages over £200 billion in assets, stands as one of the first major traditional asset managers to implement dual-blockchain infrastructure for a regulated product. Ethereum was chosen for its mature smart contract ecosystem and broad institutional acceptance, whereas Solana provides superior transaction throughput and reduced fees.

By deploying across both networks, the firm aims to balance security, scalability, and cost-efficiency within its operational framework.

Woofun AI data shows the fund maintains legal ownership records on-chain while the underlying assets, comprising UK government bonds and corporate debt, remain held off-chain in traditional custody. This structural separation allows the entity to navigate regulatory requirements while capturing blockchain efficiency benefits.

Traditional asset managers have historically hesitated to integrate blockchain due to regulatory ambiguity and operational complexity, yet this regulated approach offers a potential blueprint for peers. The launch demonstrates that blockchain networks can coexist with existing financial infrastructure rather than necessitating a complete replacement of legacy systems. This development represents a practical step toward mainstream blockchain adoption in asset management and may accelerate similar initiatives from other large institutions.