Baillie Gifford was founded in 1908 and is an independent investment manager. It manages pension funds, investment trusts, unit trusts, and ISAs.
According to CoinDesk, the world's largest custodian bank, The Bank of New York Mellon (BNY), announced it will migrate its transfer agent core bookkeeping business to the blockchain, involving approximately $8.6 trillion in assets and 7.6 million accounts, aiming to establish a single on-chain ownership ledger and reduce reliance on multi-layer intermediaries. BNY client Baillie Gifford (managing over $261 billion) will be the first to use the service, launching the UK's first fully locally regulated tokenized fund, while BlackRock and its money market business Dreyfus also plan to follow suit. BNY stated that existing traditional systems will continue to run in parallel, with trillions of dollars in funds remaining on the traditional track in the short term.
CoinDesk
贝莱德
: BNY Mellon is migrating its core transfer agent records onto the blockchain to create a single, on-chain ownership ledger and reduce reliance on intermediaries. The initiative will initially support clients including Baillie Gifford, BlackRock, and BNY's own Dreyfus, covering the first fully native, UK-regulated tokenized fund and other planned tokenized products. BNY and other major banks are building blockchain-based infrastructure and tokenized deposit networks. The bank anticipates that legacy systems will continue to coexist for several more years amid persistent cybersecurity and smart contract risks.
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贝莱德
: SK Hynix's US stock listing roadshow PPT has been exposed. It is reported that Baillie Gifford Overseas Limited, Coatue Management, and Situational Awareness Partners have each (not jointly) indicated their intention to subscribe for American Depositary Shares (ADS) in the offering, with a total subscription amount of up to $7 billion at the initial public offering price.According to the disclosed information, SK Hynix's motivation for this listing is a dual pursuit of valuation reassessment and capital expansion. The company has long faced a valuation discount dilemma, currently trading at 6.2 times its expected P/E ratio for the next 12 months, lower than Micron Technology's 7 times. In terms of expected price-to-sales ratio, its 3.6 times is also lower than Micron's 4.6 times. The fundamental reason for this valuation gap is that US investors face obstacles in directly investing in Korean stocks. Meanwhile, the raised funds will be used for domestic capacity expansion in South Korea, including 45.5 trillion won in capital expenditure and 11.9 trillion won for the purchase of EUV lithography machines. (leinews)
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According to Bloomberg, prediction market platform Kalshi Inc. has added two new institutional investors, raising an additional $200 million and bringing the total funding for this round to over $1.2 billion. The newly added investors are Layer Global, led by Anton Levy, and the prominent asset management firm Baillie Gifford—both of which are investing in Kalshi for the first time.
Kalshi
sources revealed prediction market platform Kalshi has raised an additional $200 million from Baillie Gifford and Layer Global, further expanding the $1 billion funding round previously led by Coatue Management, while maintaining a company valuation of $22 billion.Earlier this month, Kalshi announced the completion of a $1 billion Series F round, with participants including Sequoia Capital, a16z, IVP, Paradigm, Morgan Stanley, and ARK Invest.Data shows that Kalshi's monthly trading volume in April exceeded $14 billion, with annualized revenue surpassing $1.5 billion. (Bloomberg)
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Paradigm
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