Baillie Gifford, a 118-year-old Scottish investment firm, has introduced a tokenized corporate bond fund on the Ethereum and Solana blockchains, aiming for a yield of approximately 7%. The fund is designed for institutions and qualified investors seeking exposure to corporate bonds through blockchain technology. The initiative utilizes tokenization infrastructure services from BNY, highlighting a growing trend among traditional asset managers to leverage public blockchains for the issuance and settlement of real-world assets. This move underscores the increasing integration of blockchain technology in traditional financial markets.