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Baillie Gifford uses Ethereum blockchain as official legal register for UK fund ownership.

14 Nov 2026, 02:29 WIB
Crypto Economy
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Bullish
Baillie Gifford uses Ethereum blockchain as official legal register for UK fund ownership.

Baillie Gifford, a British asset manager, has adopted the Ethereum blockchain to legally track ownership of its Enhanced Yield Fund (BAGEY), a UK-regulated open-ended investment company focused on short-duration corporate bonds. This move makes Ethereum the official legal record for fund ownership, simplifying transfer and settlement processes by enabling faster transactions through stablecoins like USDC. The initiative is supported by BNY Mellon for custody and wallet management, with NatWest as the supervising depositary, ensuring compliance with UK regulations. This sets a precedent for integrating traditional finance with public blockchain networks under regulatory oversight.

Ethereum trades at Rp35.116.088 on Pluang as of Nov 14, 2026 07:41 WIB, down 4.27% in the last day. The platform shows a market cap of Rp4.293,78 trillion and a 24-hour volume of Rp277,68 trillion. Buy orders slightly exceed sell orders, with 54% buying and 46% selling, and typical hold time is 109 days. This data highlights active investor interest in Ethereum amid its new role in UK fund ownership tracking.

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