Coinbase launches CUSHY digital credit strategy with tokenized share structure
Nexo extends its 0% APR, no‑liquidation Zero-interest Credit to Solana and XRP, targeting holders who want dollar liquidity without selling their crypto.Coinbase Asset Management unveils CUSHY, an on-chain digital credit strategy with a tokenized share class built on Superstates FundOS platform.The strategy targets on-chain public credit, structured private credit, and tokenized yield sources across Solana and Base, aiming to bridge traditional fixed income with blockchain rails.CUSHY underscores a broader institutional shift toward tokenized credit markets, following Coinbases earlier stablecoin credit initiatives with Apollo and its bitcoin yield funds. Coinbases new on-chain credit push Coinbase Asset Management (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. Built on Superstates FundOS operating system, CUSHY is structured to support 24/7 primary and secondary market trading of fund shares across networks such as Solana and Base, with FundOS specifically designed “to streamline the tokenization of real-world assets” for asset managers seeking on-chain capital formation. According to Coinbase Asset Management, the strategy rests on three pillars: on-chain public credit assets, structured private credit serving both digital-native