Coinbase Asset Management Launches Tokenised Credit Fund | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Coinbase Asset Management has announced the launch of CUSHY, a tokenised digital credit strategy designed to capture yield opportunities created through the migration of capital to blockchain-based financial infrastructure.
The fund is said to be structured around public credit comprising high-quality liquid instruments connected to the digital economy; private and opportunistic credit through asset-based debt solutions for both digitally native and traditional borrowers; and structural alpha derived from blending credit with tokenisation, protocol incentives, and onchain market structure positions.
Coinbase said CUSHY is designed to accommodate both US and certain international investors.
Fund administration is provided by Northern Trust, with tokenisation services delivered by Superstate using its FundOS platform. Coinbase Prime serves as a prime broker, and the fund operates across the Base, Solana, and Ethereum networks.
Stablecoin adoption continues to grow, with transaction volumes surpassing $33 trillion in 2025 and an average of 89 million addresses holding stablecoins daily across major blockchains.
Coinbase Asset Management said the fund was designed to meet demand from sophisticated investors seeking institutional-grade credit opportunities on the same settlement rails underpinning the digital economy.
