Apex Group Ltd (“Apex Group”), a global financial services provider with over $3.5 trillion in assets serviced, in collaboration with Coinbase Asset Management (“CBAM”), today announced the launch of the tokenized Coinbase Bitcoin Yield Fund on Base.
Apex Group is enabling world class institutional asset managers like Coinbase Asset Management, to offer clients more functionality with their investment holdings. The enablement of a tokenized Coinbase Bitcoin Yield Fund represents a clear step forward in modernizing regulated fund distribution onchain.
When identity and eligibility are enforced at the token level, the tokenized share class is set up to interact with compatible platforms, wallets, and infrastructure without compromising compliance. This opens the door to more efficient distribution models and future secondary‑liquidity frameworks while maintaining strict controls.
The initiative combines Apex Group’s global transfer agency capabilities with blockchain infrastructure powered by the ERC‑3643 permissioned token standard to deliver a digitally native share class within a fully compliant framework.
The ERC-3643 structure embeds compliance rules directly into the smart contract providing interoperability across the broader digital asset ecosystem. Investor onboarding is conducted through the CBAM Investor Portal powered by Tokeny, ensuring every participant is linked to a compliant on chain identity. This preserves regulatory safeguards while improving operational efficiency. Each investor is verified and approved before subscribing to, holding, or transferring digital shares, with identity integrated at the core of the token architecture. Token issuance and book‑entry records remain aligned with the fund’s NAV lifecycle, maintaining the integrity of traditional share registry processes.
Regulators are highlighting the need for token standards that embed compliance into digital assets. In a recent speech, the SEC Chairman pointed to the importance of using frameworks “such as ERC‑3643” that enforce compliance at the token level.
Peter Hughes, Founder and CEO at Apex Group, commented:
"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. Because compliance travels with the token, these structures can connect to a growing ecosystem of digital distribution platforms, including our own Apex Invest.io, opening new channels for managers and investors alike."
Anthony Bassili, President of Coinbase Asset Management, added:
“Tokenized fund infrastructure has finally arrived and is ready to scale. It needs to meet the same regulatory and operational standards investors expect from traditional markets. The Coinbase Bitcoin Yield Fund’s tokenized share class shows that you can bring real‑world assets onchain while preserving the full compliance stack. By integrating identity and eligibility at the token level, this structure lays important groundwork for scalable, institutional‑grade digital distribution. We’re pleased to work with Apex Group as the industry moves toward more efficient, interoperable fund models.”
The launch of the Coinbase Bitcoin Yield Fund’s tokenized share class to institutional and accredited investors offers a practical blueprint for institutional‑grade tokenized funds, illustrating how identity‑driven compliance and blockchain interoperability can coexist within regulated structures. As demand for digital‑native fund distribution increases, Apex Group continues to position itself at the forefront of compliant tokenization infrastructure, connecting traditional capital markets with next‑generation digital asset ecosystems.
Coinbase Asset Management plans to launch a tokenized share class for its Coinbase US Bitcoin Yield Fund with Apex Group as well.
Newsroom
Marion Janic I Head of Media Relations
Marion.Janic@apexgroup.com
About Apex Group
Apex Group is dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, family offices, and sovereigns. Established in Bermuda in 2003, the Group has continually disrupted the industry through its investment in innovation and talent.
Today, Apex Group sets the pace in fund and asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals in over 50 jurisdictions.
Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support, as well as digital and AI solutions. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.
The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.
About Coinbase Asset Management
Coinbase Asset Management, LLC (“Coinbase AM”) is a leading institutional digital asset manager, delivering investment strategies and infrastructure to bridge digital and traditional markets. Coinbase AM has deep expertise in trading and investing across digital and traditional asset classes. Our solutions are calibrated to remove barriers and promote institutional engagement in digital assets subject to fiduciary standards.
