[Coinbase Launches Tokenized Version of Its Bitcoin Yield Fund in Collaboration with Apex Group] According to CoinDesk, the asset management division of cryptocurrency exchange Coinbase has announced a partnership with fund service provider Apex Group to launch a tokenized share class of its Bitcoin Yield Fund on the Base network. The fund is managed by Coinbase, while Apex continues to serve as the transfer agent, ensuring synchronization with the fund's net asset value records. The tokenized shares utilize the ERC-3643 token standard, embedding investor verification directly into the tokens. Only verified investors can hold or transfer assets, replacing manual compliance checks with automated rules. The fund is currently available to non-U.S. investors, and Coinbase plans to introduce a tokenized version for U.S. investors in the future.