Coinbase's bitcoin yield fund goes onchain with Apex's tokenization push

The Coinbase Bitcoin Yield Fund's tokenized share class runs on Base as the $3.5 trillion fund services giant Apex applies tokenization across its business. What to know : Coinbase Asset Management (CBAM) is launching a tokenized share class of its Bitcoin Yield Fund on Base in partnership with $3.5 trillion fund services giant Apex Group. The launch underscores a broader push by major asset managers to bring funds on blockchain rails to cut costs, speed up settlement and expand distribution. Available initially to non-U.S. investors, CBAM said it plans to bring the U.S. version of its bitcoin yield fund onchain as well.