Coinbase Asset Management has partnered with financial services firm Apex Group to launch a tokenized share class of its Bitcoin Yield Fund on the Base network. The initiative, announced on Thursday, introduces a permissioned on-chain structure initially available to non-US institutional and accredited investors.
By leveraging Base—Coinbase’s Ethereum Layer 2 solution, the fund aims to streamline settlement processes, reduce operational costs, and maintain strict regulatory oversight. This move effectively migrates traditional fund administration duties to the blockchain, enabling near-instantaneous processing of subscriptions and redemptions that would typically take days in legacy systems.
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Tokenized Compliance and Base Network Mechanics
The new share class utilizes the ERC-3643 token standard, a protocol specifically designed for permissioned assets and regulated securities. Unlike standard ERC-20 tokens, which ca
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