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Fund Services Giant Apex to Tokenize Omnes' Bitcoin Mining Note on Layer-2 Blockchain Base
Apex tokenizes the Bitcoin mining-backed Omnes Mining Note on Coinbase Base, offering institutions on-chain exposure and enhanced liquidity with a secured debt structure.
- On Tuesday, Apex Group announced it will tokenize Omnes Mining Note , an institutional-grade structured note backed by Bitcoin hash power, issued and managed on Base, Coinbase's Ethereum-covered platform.
- The firm, which manages over $3.5 trillion in assets, aims to convert Bitcoin production into structured, investable assets for institutional portfolios through a strategic partnership with Luxembourg-based Omnes.
- Each OMN is backed by a fixed 1 petahash per second of Bitcoin computing power for a 36-month period, leveraging the ERC-3643 protocol to ensure compliance with traditional financial regulations.
- "Tokenization gives investors mobility and utility that traditional notes cannot," said Apex Group CEO Peter Hughes, noting the format allows on-chain transfers among verified investors and potential collateral use.
- Omnes CEO Emmanuel Montero stated Bitcoin mining is the only mechanism for creating new Bitcoin through protocol issuance, distinct from yield strategies that rely on redistributing existing holdings.
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Apex and Omnes Tokenize Bitcoin Mining on Base Network
The post Apex and Omnes Tokenize Bitcoin Mining on Base Network appeared on BitcoinEthereumNews.com. Apex Group and Omnes have moved to reshape how investors access Bitcoin mining exposure through tokenization on the Coinbase-backed Base network. The initiative introduces a structured financial product that links traditional debt instruments with blockchain infrastructure. Moreover, the move signals growing demand for real-world asset integrati…
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