Apex to Tokenize Bitcoin Mining Note on Base
Investors seeking exposure to Bitcoin mining have traditionally had to build mining facilities or own shares in mining companies. The Omnes Mining Note (OMN), by contrast, packages the hashrate required to produce new coins into a secured debt instrument. The involvement of Apex Group, which administers more than $3.5 trillion in assets, signals that real-world asset tokenization is expanding into mining returns.
Omnes and Apex Group said on March 24, 2026, that OMN would be issued and administered on Base, Coinbase’s Ethereum Layer 2 network, and offered only to professional non-U.S. investors. Each unit represents a fixed 1 PH/s of computing power and has a 36-month term, with ownership mirrored onchain under the ERC-3643 standard. The companies have not disclosed the note’s fundraising target or how returns will be calculated.
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The history behind this eventCoinbase Partners With Apex to Tokenize Bitcoin Yield Fund on Base
Unlike proof-of-stake assets such as Ether, Bitcoin cannot natively generate yield. Coinbase Asset Management therefore launched the Coinbase Bitcoin Yield Fund on May 1, 2025, targeting non-U.S. investors and aiming to generate annualized net Bitcoin returns of 4%–8% over a full market cycle. Bringing the fund onchain is expected to reduce operating costs, accelerate settlement and broaden distribution.
On March 19, 2026, Coinbase Asset Management and Apex Group, which services more than $3.5 trillion in assets, announced the issuance of tokenized fund shares on Base. The product uses the permissioned ERC-3643 standard, with Apex serving as the onchain transfer agent responsible for holder records and compliant transfers. It will initially be available only to institutional and qualified investors outside the United States.
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