[Coinbase Launches On-Chain Shares of Bitcoin Yield Fund, Accelerating Asset Tokenization Strategy] BlockBeats News, March 21: Coinbase's asset management division has launched tokenized shares of a Bitcoin yield fund, deploying them on its Ethereum Layer 2 network, Base, in collaboration with Apex Group, which manages $3.5 trillion in assets. This product is available to non-U.S. investors and adopts the ERC-3643 standard, embedding compliance verification into the tokens to enable automated access and transfer controls. This move reflects the efforts of institutions such as BlackRock, Fidelity, and Franklin Templeton to accelerate the on-chain integration of funds, bonds, and other assets to enhance settlement efficiency, reduce costs, and expand distribution channels.