Coinbase Unveils CUSHY Tokenized Credit Strategy for Institutional Investors

Coinbase Asset Management has announced the launch of CUSHY, a new tokenized credit strategy that aims to provide institutions and qualified investors with on-chain exposure to digital finance markets. The product combines traditional credit with blockchain-based access, allowing for the creation of tokenized shares and fund management.

CUSHY will operate across Ethereum, Solana, and Base networks, ensuring broad blockchain compatibility. The infrastructure for tokenized shares and fund management will be provided by FundOS, a platform developed by Superstate.

The launch of CUSHY aligns with the growing trend of stablecoin adoption in global financial systems. According to recent data, stablecoin transaction volume reached $33 trillion in 2025, reflecting a 72% annual increase. The product is designed to provide investors with access to emerging digital credit opportunities and will evolve alongside stablecoin adoption and on-chain finance growth.