A 117-Year-Old Asset Manager Goes “Fully Native,” Seeing Tokenization as OS upgrade | Theo Golden
On today's Talking Tokens, Jacquelyn sits down with Theo Golden, Head of Digital Assets at Baillie Gifford, to talk about BAGEY — the firm's newly launched tokenized bond fund on Solana and Ethereum that yields around 7% and settles in USDC.
Theo breaks down why he sees tokenization as an operating system upgrade rather than a reinvention of finance, how pension funds and private banks are already showing real interest in its new tokenized fund, and why he thinks AI democratizing insight and tokenization democratizing access are two themes that will collide into something nobody has fully figured out yet.
DISCLAIMER: Although our guest this week works at Baillie Gifford, nothing in this podcast should be considered an offer of its investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice.
This episode is a part of the Solana Sessions campaign that Token Relations and the Talking Tokens podcast are doing, diving into founders' journeys and startups building on Solana. Check out the accompanying newsletter on www.token-relations.com
TIMESTAMPS: 00:00 His Journey to Digital Assets 03:33 From Journalism to Investment Theses 06:05 Learning from Successes and Failures 10:15 The Role of Independence in Baillie Gifford’s Innovation 15:19 Gradual Growth in Tokenization 20:57 Tokenization as an Operating System Upgrade 23:57 Convincing Clients of Tokenization's Value 24:50 Operational Leverage and Risk Management 27:12 The Origin of Baillie Gifford’s BAGEY Tokenized Fund 32:18 Initial Response and Market Interest 34:43 Choosing Solana and Ethereum for the Fund Launch 38:33 Solana and The Future of Internet Capital Markets 43:09 Trust and Adoption Among Institutional Investors 46:07 The Role of Traditional Institutions in Tokenization 47:59 AI and Tokenization: A Future Intersection
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A 117-Year-Old Asset Manager Goes “Fully Native,” Seeing Tokenization as OS upgrade | Theo Golden
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How Stock Tokens Fueled Robinhood Chain's Explosive Growth
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