Coinbase Asset Management launches stablecoin credit fund with equity tokens

Coinbase Asset Management (CBAM) has launched a credit fund linked to the stablecoin market, CUSHY (Coinbase Stablecoin Credit Strategy), CoinDesk reported. The fund aims to generate returns through on-chain lending and can issue equity tokens on the Ethereum, Solana, and Base chains using the FundOS platform from tokenization specialist Superstate. This structure allows institutional investors to hold and manage their fund shares via the blockchain.