Jun 22, 2026 8:39 PM

The era of legacy financial infrastructure is dead. Baillie Gifford is now using Ethereum and Solana as the primary legal register for a regulated bond fund, meaning the public blockchain—not a bank database—is the final word on who owns what. If a 117-year-old firm trusts public networks over traditional systems for direct ownership and recourse, why are we still pretending legacy finance is the gold standard? Is the traditional bank ledger now obsolete?
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