Key Takeaways
- • Schroders, a more than $1 trillion asset manager, has launched a tokenized feeder fund on Solana giving investors exposure to its Schroder International Selection Fund Emerging Market Bond strategy, marking the firm's first deployment on the network.
- • The product is distributed through tokenization platform Centrifuge with a minimum investment of $100,000, and investors hold an onchain share class that invests in the existing conventional fund rather than holding bonds directly on-chain.
- • The underlying strategy is actively managed, investing at least two-thirds of assets in fixed- and floating-rate emerging-market sovereign, agency, supranational and corporate securities, with more than 50 years of EM debt management experience behind it.
- • The launch extends institutional tokenization beyond Treasury bills and money market products into actively managed credit, following similar moves by New York Life Investment Management and Baillie Gifford.
- • The investment risks of the strategy, including EM, currency, credit, liquidity and derivatives risk, are unchanged; the potential shift lies in distribution and the possibility that tokenized shares later serve as collateral or move across compliant platforms.
Summary
Schroders has brought an actively managed emerging markets bond strategy onto Solana through tokenization platform Centrifuge, marking the firm's first deployment on the blockchain network. The London-based asset manager, which managed roughly $1.1 trillion as of June 2026, is offering tokenized exposure to the Schroder International Selection Fund Emerging Market Bond strategy, which invests across sovereign, corporate and local-currency debt in developing markets. Centrifuge is providing the infrastructure for the onchain structure, and according to the primary report, the product is listed on Centrifuge's platform under SISF with a minimum investment of $100,000.
Investors do not directly hold the underlying emerging markets bonds on Solana. Instead, the structure uses a tokenized feeder fund with an onchain share class that invests in Schroders' existing Emerging Market Bond fund. The underlying strategy invests at least two-thirds of its assets in fixed- and floating-rate securities issued by emerging-market governments, government agencies, supranational institutions and companies, and may hold multi-currency positions and use derivatives. Schroders has managed emerging markets debt for more than 50 years and has more than 40 investment professionals dedicated to the asset class.
The launch is significant because most institutional tokenization to date has concentrated on cash, U.S. Treasuries and money market funds. Emerging markets debt introduces sovereign credit, corporate credit, local rate and foreign exchange exposures, making the deployment closer to an extension of traditional active management into blockchain distribution. New York Life Investment Management previously launched a tokenized high-yield corporate bond strategy with Centrifuge, and Baillie Gifford has moved an actively managed bond fund onto Ethereum and Solana.
The deployment is not Schroders' first tokenization project. The firm previously received regulatory approval in Ireland for a tokenized share class of its U.S. dollar money market strategy, Schroders Onchain Active Returns. Centrifuge said Solana currently supports more than $4 billion in tokenized real-world asset value. Marita McGinley, Schroders' head of operations for APAC and digital assets, said the launch reflects the firm's effort to make its investment capabilities available through new digital distribution channels.
The investment risks of the strategy do not change when shares move onchain, and Schroders' documentation identifies emerging-market, currency, credit, liquidity and derivatives risks. The potential changes center on distribution and market infrastructure. Tokenized fund shares can theoretically be transferred between approved investors, incorporated into blockchain-based portfolios and eventually used as collateral, subject to legal and product restrictions. Centrifuge has been connecting tokenized funds with lending, stablecoin and liquidity infrastructure, and the longer-term test is whether such shares become useful beyond initial issuance.
Investors do not directly hold the underlying emerging markets bonds on Solana. Instead, the structure uses a tokenized feeder fund with an onchain share class that invests in Schroders' existing Emerging Market Bond fund. The underlying strategy invests at least two-thirds of its assets in fixed- and floating-rate securities issued by emerging-market governments, government agencies, supranational institutions and companies, and may hold multi-currency positions and use derivatives. Schroders has managed emerging markets debt for more than 50 years and has more than 40 investment professionals dedicated to the asset class.
The launch is significant because most institutional tokenization to date has concentrated on cash, U.S. Treasuries and money market funds. Emerging markets debt introduces sovereign credit, corporate credit, local rate and foreign exchange exposures, making the deployment closer to an extension of traditional active management into blockchain distribution. New York Life Investment Management previously launched a tokenized high-yield corporate bond strategy with Centrifuge, and Baillie Gifford has moved an actively managed bond fund onto Ethereum and Solana.
The deployment is not Schroders' first tokenization project. The firm previously received regulatory approval in Ireland for a tokenized share class of its U.S. dollar money market strategy, Schroders Onchain Active Returns. Centrifuge said Solana currently supports more than $4 billion in tokenized real-world asset value. Marita McGinley, Schroders' head of operations for APAC and digital assets, said the launch reflects the firm's effort to make its investment capabilities available through new digital distribution channels.
The investment risks of the strategy do not change when shares move onchain, and Schroders' documentation identifies emerging-market, currency, credit, liquidity and derivatives risks. The potential changes center on distribution and market infrastructure. Tokenized fund shares can theoretically be transferred between approved investors, incorporated into blockchain-based portfolios and eventually used as collateral, subject to legal and product restrictions. Centrifuge has been connecting tokenized funds with lending, stablecoin and liquidity infrastructure, and the longer-term test is whether such shares become useful beyond initial issuance.
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