Coinbase's asset manager to offer stablecoin credit fund with tokenized share class

The fund, dubbed CUSHY, targets yield from onchain lending and private credit, offering tokenized access through Superstate for institutional investors. What to know : Coinbase Asset Management (CBAM) is introducing a credit fund tied to stablecoin markets with a tokenized share class. The fund, dubbed CUSHY, will use Superstate’s FundOS platform to issue onchain shares on Ethereum, Solana, Base blockchains. The move reflects growing demand for yield products built on blockchain-based rails, CBAM president said.