Schroders, with $1.1 trillion under management, tokenizes an emerging-market bond fund on Solana, taking tokenization beyond cash and Treasuries into actively managed debt

Schroders has put an emerging-market bond strategy onchain, launching a tokenized share class on Solana with Centrifuge, The Block and CoinDesk reported on Wednesday. It is the London-based manager's first deployment on Solana. CoinDesk puts Schroders' assets under management at $1.1 trillion as of June.

The Block says the launch extends tokenized real-world assets from cash and short-term government securities into more complex, actively managed strategies. The fund covers sovereign, corporate and local-currency emerging-market debt. CoinDesk describes it as a feeder structure, meaning investors own tokenized shares in a fund that in turn invests in Schroders' Emerging Market Bond Fund.

Centrifuge's Anil Sood, chief strategy and growth officer, said: "Emerging markets debt introduces a fundamentally different source of risk and return." John Mensack, Schroders' senior investment director for fixed income, said the firm sees value in bringing emerging-market debt opportunities onchain, according to CoinDesk.

Schroders won Irish regulatory approval in August for a tokenized share class of a US dollar money market fund, CoinDesk notes, and New York Life's asset management arm has already tokenized a high-yield corporate bond strategy through Centrifuge. Neither report says who is eligible to invest, the minimum ticket or the fund's size.