Coinbase launches on-chain shares for Bitcoin yield fund, accelerating asset tokenization layout

According to CoinDesk, Coinbase's asset management division has launched tokenized shares of a Bitcoin yield fund, deployed on its Ethereum Layer 2 network, Base, in partnership with Apex Group, which manages $35 trillion in assets.

The product is open to non-U.S. investors and adopts the ERC-3643 standard, embedding compliance checks into the tokens to achieve automated access and transfer control. This move reflects that institutions, including BlackRock, Fidelity, and Franklin Templeton, are accelerating the push to put funds, bonds, and other assets on-chain to enhance settlement efficiency, reduce costs, and expand distribution channels.