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According to Techub News, Theo Golden, an investment manager at Baillie Gifford, one of the largest mutual funds in the UK, tweeted that Baillie Gifford has chosen to launch a fully tokenized UCITS fund on Ethereum. This regulated strategic bond-linked fund is also part of Baillie Gifford's tokenization pilot project. UCITS funds are a special type of investment vehicle in the EU, officially known as Undertakings for Collective Investment in Transferable Securities, specifically investing in transferable securities, allowing for free sale and promotion across EU member states. UCITS funds with a "European passport" can be offered to individual investors in other member countries without the need for further approval.