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Nexo extends its 0% APR, no\u2011liquidation Zero-interest Credit to Solana and XRP, targeting holders who want dollar liquidity without selling their crypto.<\/p>\n
Coinbase Asset Management<\/a> (CBAM) has introduced CUSHY, a new on-chain digital credit strategy that uses a tokenized share class mechanism to bring traditional credit exposure onto public blockchains, in a move the firm frames as a bridge between legacy fixed income markets and programmable finance.<\/p>\n Built on Superstate\u2019s FundOS operating system, CUSHY is structured to support 24\/7 primary and secondary market trading of fund shares across networks such as Solana<\/a> and Base, with FundOS specifically designed \u201cto streamline the tokenization of real-world assets\u201d for asset managers seeking on-chain capital formation.<\/p>\n According to Coinbase Asset Management, the strategy rests on three pillars: on-chain public credit assets, structured private credit serving both digital-native and traditional borrowers, and tokenized yield sources that package underlying credit exposures into blockchain-native instruments.<\/p>\n FundOS, launched by real-world asset specialist Superstate, is described as tackling \u201cthe operational complexity of fund tokenization\u201d and is already used to operate tokenized portfolios like USTB and USCC, which Superstate presents as proof that traditional securities can be issued, managed, and settled on-chain at scale.<\/p>\n In an earlier partnership announcement, CBAM said its alliance with Apollo aims \u201cto bring Coinbase stablecoin credit strategies to market,\u201d combining Apollo\u2019s private credit origination with Coinbase\u2019s tokenization stack so that \u201ctokenized investment products providing exposure to Apollo-managed credit strategies\u201d can be distributed through on-chain wrappers.<\/p>\n <\/p>\n Those stablecoin<\/a> credit strategies sit alongside Coinbase\u2019s bitcoin-focused yield products, including the Coinbase Bitcoin Yield Fund, which targets a 4%\u20138% net bitcoin return per year over a market cycle while avoiding \u201criskier high-interest bitcoin loans and systematic call selling,\u201d and the subsequent US-focused bitcoin yield strategy for accredited investors.<\/p>\n More broadly, industry research notes that tokenized private credit markets<\/a> reached roughly $9.68 billion in 2025 after growing 930%, as on-chain credit systems emerge as \u201ctransparent, efficient, and permissionless\u201d alternatives to bank-led lending that rely on smart contracts, decentralized oracles, and on-chain identity for underwriting.<\/p>\n This context positions CUSHY not as an isolated product but as part of a wider shift in which stablecoins, tokenized funds, and credit strategies are increasingly issued as blockchain-native claims, with Coinbase, Apollo, and Superstate each betting that institutional demand for compliant, yield-bearing digital instruments will continue to migrate on-chain.<\/p>\n <\/p><\/div>\n