Fund services giant Apex to tokenize Omnes' Bitcoin mining note on layer-2 blockchain Base
Apex Group will tokenize the Omnes Mining Note (OMN), a structured note backed by Bitcoin hashrate, on Coinbase's Base platform.Summary
Fund services giant Apex Group, which manages over $3.5 trillion in assets, is expanding its tokenization efforts by tokenizing the Omnes Mining Note (OMN) on Coinbase's Ethereum layer-2 platform, Base. The OMN is an institutional-grade structured note providing non-U.S. professional investors with direct economic exposure to new Bitcoin production via hashrate, bypassing the complexities of managing mining infrastructure. Each OMN is backed by a fixed 1 PH/s of Bitcoin hashrate for a 36-month term, with ownership recorded on-chain using the ERC-3643 standard developed by Tokeny, which Apex acquired last May. Apex CEO Peter Hughes noted that tokenization offers investors enhanced mobility and utility, potentially allowing OMN to be used as collateral. Jesse Pollak, head of Base, hailed the move as proof that onchain finance applies to real-world industrial infrastructure, not just crypto-native assets.
(Source：CoinDesk)