Coinbase Asset Management to Debut Tokenized Money-Market Fund

Sources indicate that to launch this tokenized fund, Coinbase Asset Management has partnered with the Apex Group, a financial services provider servicing nearly $3 trillion in assets across administration, depositary, custody, and under management as of 2022.

Tokenization, the process of representing real-world assets as digital tokens on a blockchain, is gaining traction in the crypto industry. A notable example is BlackRock's USD Institutional Digital Liquidity Fund on the Ethereum blockchain, represented by the BUIDL token.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is Web3? (Animated Explanation + Examples)

SUBSCRIBE

ON YOUTUBE

Tokenization offers various advantages for both investors and issuers, including increased liquidity and enhanced transparency, efficiency, security, and accessibility.

Coinbase's new tokenized money-market fund underscores the growing importance and potential of blockchain-based financial products.

This initiative comes during a period of regulatory challenges for Coinbase. In June 2023, the US Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange, accusing it of violating federal securities laws.

A recent development in the case is that Coinbase filed a motion to request access to SEC Chair Gary Gensler's private communications and emails, claiming they are essential to defend against the accusations.

Aaron S. , Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Full Bio

All Expert Contributors & Analysts