On March 21, Coinbase’s asset management division launched tokenized shares of its Bitcoin yield fund and deployed them on its Ethereum Layer 2 network, Base, in partnership with Apex Group, which manages $3.5 trillion in assets.
This product is open to non-US investors, adopts the ERC-3643 standard, and embeds compliance verification into the token to achieve automated access and transfer control. This move reflects that institutions including BlackRock, Fidelity, and Franklin Templeton are accelerating the on-chaining of assets such as funds and bonds to improve settlement efficiency, reduce costs, and expand distribution channels.
