Coinbase Launches Tokenized Bitcoin Yield Fund on Base Network
- Coinbase’s Bitcoin Yield Fund, managed by Coinbase Asset Management, is now onchain via the Base network.
- The fund is created in partnership with Apex Group, which administers $3.5 trillion in assets.
- The tokenized share class uses the ERC-3643 standard, automating compliance checks for approved investors.
- Apex aims to tokenize $100 billion in funds by June 2027 using its T-REX Ledger across multiple blockchains.
- Tokenization is projected to become a multi-trillion-dollar market, with estimates ranging from $2 trillion by McKinsey to $18.9 trillion by BCG and Ripple.
The launch of the Coinbase Bitcoin Yield Fund reflects a growing trend among asset managers towards tokenization, enhancing efficiency and accessibility in capital markets.
With this new offering, investors can earn yield while holding Bitcoin, leveraging strategies like selling call options or participating in lending arrangements.(Source)
