Coinbase Asset Management Launches Stablecoin-Based Credit Fund for Institutions
JOON HYOUNG LEE
Summary
- Coinbase Asset Management said it has launched the stablecoin-linked institutional credit fund Coinbase Stablecoin Credit Strategy (CUSHY).
- The fund targets institutional investors seeking returns through loans linked to digital assets.
- Coinbase Asset Management is offering a service through Superstate that allows investors to hold fund interests on-chain, with tokenized shares issued on the Ethereum (ETH), Solana (SOL) and Base blockchains.
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Coinbase Asset Management, the asset-management arm of US cryptocurrency exchange Coinbase, has launched a stablecoin-based credit fund for institutional investors.
CoinDesk reported on April 30 that Coinbase Asset Management introduced the Coinbase Stablecoin Credit Strategy, or CUSHY, a credit fund linked to the stablecoin market. The fund is aimed at institutional investors seeking returns through loans tied to digital assets.
Coinbase Asset Management is also offering a service through tokenization specialist Superstate that allows investors to hold fund interests on-chain. The fund’s tokenized shares will be issued on three blockchains: Ethereum, Solana and Base.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
