Coinbase Asset Management is launching a tokenized share class for its Bitcoin yield fund on the Base blockchain, managed by Apex Group. The fund targets non-US investors and implements the ERC-3643 standard to automate compliance, enabling approved holders to generate yield through strategies such as options and lending while holding Bitcoin. This move aligns with a broader industry trend, as companies like BlackRock are also exploring tokenization to improve capital market efficiency.
Coinbase Asset Management is launching a tokenized share class for its Bitcoin yield fund on the Base blockchain, managed by Apex Group. The fund targets non-US investors and implements the ERC-3643 standard to automate compliance, enabling approved holders to generate yield through strategies such as options and lending while holding Bitcoin. This move aligns with a broader industry trend, as companies like BlackRock are also exploring tokenization to improve capital market efficiency.