Brief
Coinbase Asset Management's tokenized stablecoin-yield and credit strategy, with share infrastructure from Superstate FundOS. The current fund page lists monthly subscriptions and quarterly redemptions. Token transferability should not be confused with instant access to the underlying capital.
Primary sources
Checks cover the claims listed below. Other details may still need review.
- Superstate: CUSHY fund terms (opens in a new tab)
Checked
- Coinbase Asset Management manages CUSHY; Superstate is transfer agent. Subscriptions are monthly and redemptions quarterly.
- Coinbase: digital credit strategy (opens in a new tab)
Checked
- Coinbase confirms the CUSHY strategy and Superstate tokenized-share partnership.
Recent activity
Latest moves on the changelog feed.
- Apr 30, 2026NEW
CUSHY. Coinbase Asset Management's Stablecoin Credit Strategy. Tokenized credit fund that lends into stablecoin markets and passes the yield onchain. Onchain shares via Superstate's FundOS on Ethereum, Solana, Base.
Snapshot
Key terms and identifiers.
- Asset classes
- Private credit
- Token standards
- erc-20
- Regulatory
- sec-reg-d
- Jurisdiction
- US
Milestones
How this player got here.
- Apr 2026Coinbase Asset Management launches CUSHY tokenized stablecoin credit fund
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
