Apex Group and Coinbase Launch Tokenized Bitcoin Yield Fund

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On March 19, 2026, Apex Group Ltd and Coinbase Asset Management (CBAM) unveiled a tokenized version of the Coinbase Bitcoin Yield Fund built on the Base blockchain. The initiative introduces a digital share class powered by the ERC-3643 permissioned token standard, allowing identity verification and compliance requirements to be embedded directly into the asset itself.

Institutional Compliance Meets Blockchain Infrastructure

The structure combines blockchain efficiency with traditional financial oversight. Apex Group, which services more than $3.5 trillion in assets globally, provides transfer agency support to ensure institutional-grade governance. At the same time, eligibility rules for investors are enforced through smart contracts, enabling seamless interoperability across digital platforms while maintaining strict compliance standards for accredited participants.

Expanding Tokenized Fund Offerings

The partners plan to extend this model further by launching a similar tokenized share class for the US Bitcoin Yield Fund. The approach is expected to serve as a foundation for future developments in secondary liquidity and digital asset distribution, signaling a broader shift toward tokenized financial products.

Peter Hughes, Founder and CEO of Apex Group, emphasized that the launch demonstrates how regulatory compliance and blockchain innovation can coexist, highlighting a growing alignment between traditional finance and decentralized technologies.

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