Coinbase Enters Tokenized Credit Market with CUSHY Fund Launch

Coinbase has made a significant move into the world of tokenized credit with the launch of its CUSHY fund. This innovative product offers investors the opportunity to buy tokenized shares with transparency and on-chain use, running on Superstate's FundOS platform.

The CUSHY fund is designed to bridge the gap between traditional credit markets and digital assets, capturing yield premiums generated by the transition of credit markets to blockchain rails. With stablecoin transaction volumes surpassing $33 trillion in 2025, Coinbase is positioning itself as a comprehensive global trading platform, aiming to become an 'everything exchange'.