Coinbase's asset management division has introduced tokenized shares of its Bitcoin yield fund on the Ethereum Layer 2 network, Base. This initiative, announced on March 21, is in collaboration with Apex Group, which oversees $3.5 trillion in assets. The fund is available to non-U.S. investors and employs the ERC-3643 standard, integrating compliance checks directly into the token for automated access and transfer controls. This move aligns with a broader institutional trend towards asset tokenization, as seen with firms like BlackRock, Fidelity, and Franklin Templeton. Tokenization aims to improve settlement efficiency, lower costs, and broaden distribution channels for assets such as funds and bonds.