Coinbase Asset Management

Episode 234: Getting Institutions Off Zero with Anthony Bassili of Coinbase Asset Management @alextapscott @SmartestBeta @CoinbaseAM @coinbase @CMCC_Global 0:00 Introduction 3:07 Anthony Bassili’s journey from BlackRock to Coinbase 6:20 What institutions actually want from crypto (and what they don’t) 10:05 Bitcoin as a macro asset and portfolio cornerstone 16:40 Beyond Bitcoin: indices, diversification, and crypto exposure 22:00 Tokenization as the next evolution of asset management 24:10 CUSHY: bringing real-world credit onchain 31:30 Stablecoins, yield, and global demand for dollar exposure 36:00 AI, tokenized funds, and the future of investing 39:05 Closing thoughts

1/ @CoinbaseAM has selected Superstate FundOS to launch an onchain share class of the Coinbase Stablecoin Yield Fund (CUSHY) in Q2 2026. For the first time, FundOS is powering a third-party fund launch from inception. superstate.com/newsroom/coinb…

Credit is moving onchain @CoinbaseAM's Stablecoin Credit Strategy - a tokenized credit fund - is now live on Base Tokenized by @SuperstateInc coinbase.com/blog/coinbase-…

Credit is moving onchain @CoinbaseAM's Stablecoin Credit Strategy - a tokenized credit fund - is now live on Base Tokenized by @SuperstateInc coinbase.com/blog/coinbase-…

Saw a @base post about Coinbase Asset Management launching this new tokenized credit fund called CUSHY. Here’s a straightforward breakdown—no hype, just what it is and why it matters. What is this? CUSHY is @CoinbaseAM Stablecoin Credit Strategy. It’s a diversified fund seeking yield from public credit markets, private debt, and tokenization opportunities. @SuperstateInc tokenized the shares so qualified investors get onchain access with 24/7 transparency and fast settlement, mainly on @base but also @ethereum and @solana How does this affect Base? This aligns with Base’s 2026 push to become the global home for onchain markets. @jessepollak on numerous occasions has talked about turning tokenization into programmable building blocks that upgrade the financial system. Bringing credit liquidity here helps @base bridge TradFi yields with stablecoins and everyday payments. What does this unlock? It enables real composability. Tokenised credit can plug directly into DeFi apps, lending pools, and stablecoin flows. This means faster settlement, full onchain visibility, and new yield tools combining traditional reliability with blockchain flexibility. Pros & cons/risks? Pros: Better liquidity, global reach, institutional credibility, and usable yields on stablecoins. Risks: Credit defaults, regulatory changes, smart contract bugs, and early-stage tokenization friction. It’s still for accredited investors only. How can we benefit? Builders can integrate CUSHY shares into new products. Qualified users get diversified onchain yield without leaving the chain. The Base ecosystem gains TVL, more stablecoin activity, and developer energy around credit primitives. My take? It’s solid, practical progress—not an overnight revolution, but steady infrastructure that aligns with Jesse’s vision for tokenization. It strengthens Base’s edge. Still bullish on where they’re headed. 🟦

Stablecoins are the new settlement layer for the digital economy, surpassing $33T in 2025 volume. Today, @CoinbaseAsset announces the launch of the Coinbase Stablecoin Credit Strategy (CUSHY)—bridging the gap between traditional credit & onchain finance. coinbase.com/blog/coinbase-…