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Coinbase Asset Management Launches Tokenized Bitcoin Yield Fund Share Class on Base

Coinbase Asset Management Launches Tokenized Bitcoin Yield Fund Share Class on Base

Coinbase Asset Management launched tokenized shares of its Bitcoin Yield Fund on Base with Apex Group, extending access to non-U.S. investors through ERC-3643 compliance and transfer controls.

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Fact Check
The claim is verified by an official announcement from Apex Group and detailed reporting from CoinDesk and PANews. All specific details—including the fund name (Bitcoin Yield Fund), the network (Base), the partner (Apex Group), the token standard (ERC-3643), and the target audience (non-U.S. investors)—are accurately reflected in the primary and secondary sources.
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Summary

Coinbase Asset Management has launched a tokenized share class of its Bitcoin Yield Fund on Base. The product was introduced with Apex Group, which has $3.5 trillion in assets under administration, and is currently open to non-U.S. investors. The shares use the ERC-3643 standard, which embeds compliance checks and transfer controls for regulated asset ownership on blockchain infrastructure. Apex Group remains involved in the structure, and the launch continues Coinbase’s effort to move fund interests onto blockchain rails while maintaining investor eligibility controls.

Terms & Concepts
  • ERC-3643: A token standard for regulated assets that embeds compliance checks so only approved investors can hold or transfer the token.
  • Tokenized: Refers to representing ownership interests, such as fund shares, as blockchain-based tokens.
  • Base: Coinbase’s Ethereum-based blockchain network used to issue and manage the tokenized share class.