Tokenized Bitcoin Yield Fund: Apex Group, a globally recognized financial service provider managing over USD 3.5 trillion in client assets, has allied with Coinbase Asset Management to roll out a tokenized share class of the Coinbase Bitcoin Yield Fund on Coinbase’s Base layer-2 (L2) ecosystem. By combining Apex’s global transfer agency platform and institutional real-world assets (RWAs) with blockchain technology, they will create a fully-compliant fund structure that is digitally native.
How the Tokenized Bitcoin Yield Fund Works
This tokenized Bitcoin yield fund utilizes the ERC-3643 regulated token standard that incorporates all compliance rules (i.e., investor identity and eligibility) directly into the smart contract. All investors will be verified and approved through the Carbon Border Adjustment Mechanism (CBAM) Investor Portal, utilizing Tokeny for onboarding; therefore, all participants must be verified before receiving or sending digital shares. This approach maintains all of the regulatory protections while improving the operational efficiency and facilitating interoperability across the broader digital asset ecosystem.
The token issuance structure and book entry record maintenance will work in conjunction with the fund’s NAV lifecycle [a generally 10-year support timeline for Microsoft Dynamics NAV (formerly Navision), which is an Enterprise Resource Planning (ERP) software system], thus preserving the integrity of the traditional stock registry process. In this case, as compliance “travels with the token,” the share class can interoperate with new and existing digital distribution channels (including Apex’s fundraising platform at Apex Invest.io) without losing any level of controls.
As regulators gain recognition of appropriate frameworks, the Securities and Exchange Commission (SEC) Chair has reiterated the importance of establishing compliance by incorporating token standards or frameworks (i.e., ERC-3643) that enforce compliance at the token level.
What Leaders Are Saying
Peter Hughes, Founder and CEO of Apex Group, stated: “Digital assets are no longer a future ambition; they are becoming the infrastructure of modern fund distribution. The tokenized share class of the Coinbase Bitcoin Yield Fund is a concrete demonstration that institutional-grade compliance and blockchain efficiency are not in conflict.”
Anthony Bassili, President of Coinbase Asset Management, added: “Tokenized fund infrastructure has finally arrived and is ready to scale. By integrating identity and eligibility at the token level, this structure lays important groundwork for scalable, institutional‑grade digital distribution.”
Coinbase Asset Management is developing a tokenized share class to coincide with the launch of Apex Group to support the Coinbase U.S. Bitcoin Yield Fund.
