BlockBeats news, on March 21, Coinbase’s asset management division launched tokenized shares of its Bitcoin yield fund, deploying them on its Ethereum Layer 2 network, Base, in partnership with Apex Group, which manages $3.5 trillion in assets.
This product is open to non-U.S. investors and utilizes the ERC-3643 standard to embed compliance checks directly into the token, enabling automated access and transfer controls. This reflects a growing trend among institutions such as BlackRock, Fidelity, and Franklin Templeton to accelerate the tokenization of assets like funds and bonds, enhancing settlement efficiency, reducing costs, and expanding distribution channels.