UK asset manager Baillie Gifford has launched the Enhanced Yield Fund, becoming the first UK-regulated fund to use the Ethereum blockchain as its official legal register of ownership, according to Pluang and industry reports.
Blockchain Serves as Primary Legal Ownership Register
Unlike traditional fund structures that maintain secondary digital mirrors, the Enhanced Yield Fund uses the Ethereum blockchain as its primary legal register of ownership. The fund holds corporate and government bonds and allows daily trading with a $100 minimum threshold for eligible professional investors in select regions.
According to coverage on Ledger Insights, the fund issuance expands across multi-chain infrastructure, distributing on both Ethereum and Solana network environments while maintaining full regulatory compliance within established UK standards.
FCA Framework Enables Onchain Fund Registries
The launch comes following updated regulatory guidance from the Financial Conduct Authority (FCA), which allows blockchain-based ownership registers for regulated investment funds operating in the United Kingdom.
By shifting from record-mirroring to native onchain registration, institutional asset management moves toward faster settlement and automated administrative infrastructure. Readers interested in broader UK regulatory updates can explore our detailed coverage of the Bank of England and FCA joint stablecoin rules.
Disclaimer: This article is provided strictly for educational and news purposes only and does not constitute financial, investment, or legal advice.
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