TLDR Tech / Crypto
Coinbase Bitcoin Yield Fund Goes Onchain
Coinbase Asset Management is launching a tokenized share class of its Bitcoin Yield Fund on Base, partnering with Apex Group to offer a covered-call-and-lending yield strategy onchain to non-US institutional investors. The fund uses ERC-3643, embedding KYC/AML compliance checks directly into the token so that only approved wallets can hold or transfer shares, with Apex retaining transfer agent duties for NAV reconciliation. Apex, which acquired Tokeny last year after the platform facilitated over $32 billion in tokenized assets, is targeting $100 billion in tokenized funds via its T-REX Ledger infrastructure by June 2027.
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