Coinbase has launched a new version of its Bitcoin Yield Fund using blockchain technology. It has partnered with Apex Group for this project.
This new version is called a ‘tokenised share class’. It means that the fund is available in the form of digital tokens. These tokens can be used on blockchain platforms.
The fund is built on Coinbase’s Base blockchain. It includes features to ensure that only eligible investors can use it. This is important for following legal rules.
Tokenisation is becoming popular in finance. Many companies are turning assets like stocks and funds into digital tokens. This helps in faster transactions and lower costs.
Currently, this product is available only to big investors outside the United States. But Coinbase plans to expand it in the future.
This move shows how traditional finance and crypto are coming together. It is creating new ways for people to invest and manage money.
Overall, this is another example of how blockchain is changing the financial system.
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