Coinbase Brings Tokenized Bitcoin Yield Fund to Base Blockchain

Coinbase has successfully tokenized its Bitcoin Yield Fund on the Base blockchain, marking a significant step towards increasing accessibility and efficiency in the financial industry.

The partnership with Apex Group enables eligible institutions to hold and transfer shares directly on-chain, reducing reliance on traditional fund administration channels. This development is part of a broader trend where asset managers are exploring tokenized funds as a means to lower settlement costs and offer continuous trading availability.

The Bitcoin Yield Fund itself aims to address the absence of native yield in Bitcoin by targeting annual returns of 4% to 8% in Bitcoin terms for non-U.S. investors. This innovative product was first launched by Coinbase in April, with its U.S.-facing version introduced in October.