British fund giant Baillie Gifford launches tokenization pilot project on Ethereum According to Tom Wan, head of data at Entropy Advisors, Baillie Gifford, one of the largest mutual funds in the UK with assets under management of £ 197 billion, announced that it has chosen Ethereum to launch a fully tokenized UCITS fund. The regulated Strategic Bond Feeder Fund is also Baillie Gifford's tokenization pilot project. It is reported that UCITS Fund is a special investment tool of the European Union, fully known as the Transferable Securities Collective Investment Scheme, which specializes in investing in tradable securities. As part of this pilot, Baillie Gifford plans to hold the fund's tokens in a self managed wallet, and during the pilot period, tokenized funds will be exclusively used by a selected group of whitelist clients.