Coinbase Launches Bitcoin Yield Fund On-Chain Shares, Accelerating Asset Tokenization Strategy

BlockBeats News, March 21st, Coinbase's asset management division launched tokenized shares of its Bitcoin yield fund and deployed them on its Ethereum Layer 2 solution, Base, in partnership with the $3.5 trillion AUM firm Apex Group.

This product is open to non-US investors, adopts the ERC-3643 standard, embeds compliance checks into the tokens, and achieves automated access and transfer controls. This move reflects institutions including BlackRock, Fidelity, and Franklin Templeton accelerating the on-chain adoption of funds, bonds, and other assets to improve settlement efficiency, reduce costs, and expand distribution channels.