Schroders Launches Tokenized Bond Fund on Solana

Schroders has launched tokenized shares in a feeder fund tied to its emerging-markets bond strategy on Solana, marking the asset manager’s first deployment on the blockchain. Centrifuge provides the infrastructure for issuing and managing the shares. The fund gives investors exposure to the Schroder International Selection Fund Emerging Market Bond strategy, which invests in sovereign and corporate debt across emerging markets. Investors hold shares in a feeder fund that invests in the underlying strategy; they do not directly own the bonds. The tokenized share value tracks the fund’s net asset value, according to the product description. The offering extends institutional tokenization beyond cash-like products and short-duration government securities into actively managed emerging-market debt. Such debt can involve exposure to the creditworthiness of governments and companies, as well as currencies and economic conditions in developing markets. Anil Sood, Centrifuge’s chief strategy and growth officer, said onchain fixed-income products had largely focused on cash and short-duration government securities. He said emerging-markets debt offers a different source of risk and...