TechFlow news, according to four sources familiar with the matter, Coinbase's (COIN) asset management division is creating a tokenized money market fund.
The report indicates that Coinbase’s asset management unit is collaborating with Bermuda-based Apex Group to advance the fund.
Previously, Coinbase received approval in Abu Dhabi to tokenize traditional assets on its Ethereum scaling network, Base. This move marks a further expansion of Coinbase into the tokenization space.
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