ChainCatcher report, according to CoinDesk, financial services giant Apex Group has announced it will tokenize the Omnes Mining Note (OMN) on Base, Coinbase’s Ethereum Layer 2 network. OMN is an institutional-grade structured note backed by Bitcoin hashing power, designed for professional non-U.S. investors, offering direct economic exposure to new Bitcoin production without the operational burdens of mining infrastructure, hardware, energy, or compliance. Each OMN represents a fixed 1 PH/s of hashing power, with a term of 36 months. Ownership is recorded on-chain using the ERC-3643 standard and may, in the future, be used as collateral for permitted lending.
Apex Group to Tokenize Bitcoin Mining Notes on Coinbase Base
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Summary
Apex Group will tokenize the Omnes Mining Notes (OMN) on Coinbase Base, according to on-chain news. OMN is a structured note backed by Bitcoin mining hash power, providing non-U.S. investors with exposure to new Bitcoin production. Each OMN represents 1 PH/s for 36 months, with ownership tracked via ERC-3643. This move aligns with current Bitcoin market trends, as tokenized mining assets gain momentum. Future use as collateral is permitted under applicable lending rules.
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