London-based Schroders, which managed about $1.1 trillion in assets as of June, is bringing an emerging markets bond strategy to the Solana blockchain, working with tokenization platform Centrifuge.

The product tokenizes the Schroder International Selection Fund Emerging Market Bonds. It is structured as a feeder fund with an onchain share class: investors hold tokenized shares of the feeder, which invests in the Schroders fund, rather than holding Schroders fund shares directly.

The launch follows Schroders' first tokenized product, Schroders Onchain Active Returns (SOAR), a tokenized US dollar money market fund share class that received Irish regulatory approval in August.

The move adds Schroders to the list of TradFi asset managers putting funds onchain, with Solana competing for tokenized fund issuance against other networks.