Coinbase Asset Management (CBAM) has brought to market a tokenized share class for its Coinbase Bitcoin Yield Fund, integrating it directly into the Base Layer 2 network.Apex Group collaborated on this initiative; the fund administration giant, with $3.5 trillion in assets, acting as the transfer agent to ensure Net Asset Value (NAV) accuracy on the blockchain.
With this launch, Coinbase stands at the forefront of asset tokenization, alongside firms like BlackRock and Fidelity in the transformation of capital markets. The fund utilizes the ERC-3643 standard, allowing institutional investors to earn yields through lending and call options while maintaining their exposure to Bitcoin.
By automating compliance and reducing settlement times, much of the traditional operational friction is eliminated. In summary, the alliance between Coinbase and Apex Group democratizes institutional access to regulated and secure on-chain compounded yields.
Source:https://goo.su/yoX9Nfc
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