Coinbase Asset Management to launch its BTC yield fund on Base

Coinbase Asset Management (CBAM) has announced a partnership with global asset manager Apex Group to launch a tokenized share class of its Bitcoin yield fund on the Base platform. According to CoinDesk, the Coinbase Bitcoin Yield Fund will be offered to investors via the Base network. Apex will act as the transfer agent, managing records in line with the fund's net asset value. This move highlights a growing trend among major asset managers to bring funds onto blockchain platforms to reduce costs, increase settlement speed, and expand distribution.