- CoinDesk report states that Coinbase Asset management is looking at launching Real-World Asset tokenized money fund.
- Coinbase Asset Management allegedly secured a partnership with Apex Group to help with the launch.
- BlackRock's BUIDL token has garnered attention towards tokenization following its $500 million success.
Coinbase's management arm, Coinbase Asset Management, is allegedly planning to launch its Real-World tokenized money-market fund, according to a new report on Wednesday.
Coinbase expands real-world tokenization efforts
Coinbase is allegedly on the brink of creating a tokenized money-market fund, according to a report by CoinDesk earlier today. The exchange's asset management division is reported to have begun work towards creating a tokenized asset, joining the likes of BlackRock, Franklin Templeton, and new entrant Goldman Sachs.
Real-world tokenized assets (RWA) are fast becoming a top trend among asset management firms due to the innovative features they bring to traditional finance.
Coinbase has been shifting towards the launch of a tokenized asset since 2023 after the company received the go-ahead to store TradFi assets on-chain in Abu Dhabi.
However, this new move may result from BlackRock's quick success following the launch of its BUIDL token. The asset manager saw its tokenized asset BUIDL fund hit a market value above $500 million after surpassing Franklin Templeton's FOBXX token.
The report also states that Coinbase Asset Management is in partnership with financial service provider Apex Group to achieve the launch of the new tokenized asset. The duo have allegedly begun work on the asset as investors are eager to hear more about their progress.
The Real-World Asset (RWA) tokens market cap is $7.2 billion, with a 24-hour trading volume of $427 million.
Meanwhile, many of the RWA tokens have been down over the past 24 hours, with ONDO, OM, and PENDLE experiencing declines of 2.5%, 3.2% and 10%, respectively.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement
Supra’s 25% surge on Friday calls attention to lesser-known cryptocurrencies as Bitcoin, Ethereum and XRP struggle. Cosmos Hub remains range-bound while bulls focus on a potential inverse head-and-shoulders pattern breakout.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin price remains under selling pressure around $82,000 on Friday after failing to close above key resistance earlier this week. Donald Trump’s tariff announcement on Wednesday swept $200 billion from total crypto market capitalization and triggered a wave of liquidations.
Can Maker break $1,450 hurdle as whales launch buying spree?
Maker is back above $1,300 on Friday after extending its lower leg to $1,231 the previous day. MKR’s rebound has erased the drawdown that followed United States President Donald Trump’s ‘Liberaton Day’ tariffs on Wednesday, which targeted 100 countries.
Gold shines in Q1 while Bitcoin stumbles
Gold gains nearly 20%, reaching a peak of $3,167, while Bitcoin nosedives nearly 12%, reaching a low of $76,606, in Q1 2025. In Q1, the World Gold ETF's net inflows totalled 155 tonnes, while the Bitcoin spot ETF showed a net inflow of near $1 billion.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.