CUSHY
ProductsActive· US

CUSHY

Coinbase's first asset-management product issued onchain. Superstate's FundOS doing the share-class plumbing. The credit fund is the wedge. Once the rails work, the rest of Coinbase Asset Management has somewhere to deploy.

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Brief

Coinbase Asset Management's Stablecoin Credit Strategy. Tokenized credit fund that lends into stablecoin markets and passes the yield onchain. Onchain shares issued via Superstate's FundOS on Ethereum, Solana, and Base. Targets institutional investors looking for stablecoin-tied fixed income.

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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.

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Snapshot

Key terms and identifiers.

Asset classes
Private credit
Token standards
erc-20
Regulatory
sec-reg-d
Jurisdiction
US
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Milestones

How this player got here.

  1. Apr 2026Coinbase Asset Management launches CUSHY tokenized stablecoin credit fund
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Connections

Who they build with, build on, integrate with.