Yield
- 30D APY
- 0%▼
$CUSHY
Coinbase USD Stablecoin Yield Fund (“CUSHY”) is a short-duration, opportunistic digital credit strategy managed by Coinbase Asset Management. The fund seeks to generate yield by deploying USD-denominated stablecoin capital across diversified credit opportunities within the traditional and digital assets credit ecosystem.
Diversified Credit
Non-U.S. Institutional InvestorU.S. Qualified Purchaser
Explore issuer purchase options or request access through RWA.xyz.
$25.58M
2.31%
Since inception
$102
3
Coinbase Stablecoin Yield Fund
Return Target
SOFR + 400-700 bps
Asset Class
Exposure
Coinbase USD Stablecoin Yield Fund (“CUSHY”) is a short-duration, opportunistic digital credit strategy managed by Coinbase Asset Management. The fund seeks to generate yield by deploying USD-denominated stablecoin capital across diversified credit opportunities within the traditional and digital assets credit ecosystem.
Liquidity
Typical Subscription Doc and AML KYC process with Fund Admin Quarterly redemption with quarterly notice must be submitted via email to the fund admin. There is no lock up. Fund liquidity is quarterly with quarterly notice. CUSHY maintains a disciplined duration profile of 90-180 days, aligning with quarterly liquidity terms.
Asset Manager
Coinbase Asset Management
Coinbase Asset Management is an SEC-registered investment adviser, regulated by the CFTC, and an NFA member. CBAM is a web3 asset management firm, bringing fiduciary services, alpha strategies, index strategies, managed accounts and more to investors across the globe.
Management Team
Management team details have not been supplied yet.
Coinbase Stablecoin Yield Fund Performance
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Fees
- Management fee
- 0.75%
- Performance fee
- 10.00%
- Subscription fee
- 0%
- Redemption fee
- 0%
- Fee structure
- There is a 0.75% Management Fee charged on AUM and a 10% Performance Fee
Subscriptions & Redemptions
- Eligible Investors
- Non-U.S. Institutional Investor, U.S. Qualified Purchaser
- KYC required
- Yes
- KYC requirements
- Certified Docs
- Subscription frequency
- Monthly (Calendar)
- Min. Investment
- USD200,000 USDUSDC200,000 USDC
- Subscription process
- Typical Subscription Doc and AML KYC process with Fund Admin
- Redemption frequency
- Quarterly
- Minimum Redemption Amount
- USD0 USDUSDC0 USDC
- Right to redeem
- Yes
- Redemption & notice requirements · USD
- Quarterly redemption with quarterly notice must be submitted via email to the fund admin.
- Redemption & notice requirements · USDC
- quarterly with quarterly notice, redemption should be submitted via email to the Coinbase Asset Management
- Lockup & liquidity conditions
- There is no lock up. Fund liquidity is quarterly with quarterly notice. CUSHY maintains a disciplined duration profile of 90-180 days, aligning with quarterly liquidity terms.
- Term details
- This Fund launched in May of 2026
Subscriptions
Redemptions
Collateral & Investor Protections
- All holdings secured
- Yes
- Accounts segregated
- Yes
- Holdings bankruptcy remote
- Yes
- Collateral & security
- senior secured private credit, including over-collateralized lending to institutional borrowers backed by digital assets
- Holder rights
- Limited Partners may request a withdrawal of all or part of their Capital Account as of any Withdrawal Dealing Day, which is the first Business Day of each calendar quarter (March 31, June 30, September 30, and December 31). Notice Period: A written withdrawal notice must be received by the Administrator at least one full calendar quarter prior to the requested Withdrawal Dealing Day. For example, a request for a July 1st withdrawal must be received no later than March 31st.
- Account segregation details
- Segregated Custody Accounts: Coinbase Custody provides the fund with a segregated custody account to store supported digital assets. Asset Separation from Principal: Digital assets held in these accounts are strictly segregated from the assets held by Coinbase Custody as principal and from the assets of other customers. Trust and Property Status: These assets are held in trust for the fund, constituting the fund's property. Coinbase Custody maintains no right, title, or interest in these digital assets except as explicitly provided in the agreement. Prohibition on Re-hypothecation: Coinbase Custody is prohibited from lending, pledging, hypothecating, or re-hypothecating any digital assets held in the fund's custodial account. Staking Exclusions: Assets that are "staked" to earn rewards are generally locked into smart contracts and not maintained with a qualified custodian during the staking period. While withdrawal keys for these assets are held by a qualified custodian, the staked assets themselves are maintained outside of cold storage.
- Bankruptcy protection details
- Segregation of Assets: Digital assets are held in a segregated custody account at Coinbase Custody, which are strictly separated from the assets Coinbase Custody holds as a principal and from the assets of its other customers. Trust Status: Assets in the custodial account are held in trust for the fund and constitute the fund's property; the custodian maintains no right, title, or interest in these assets except as explicitly provided in the agreement.
Legal Structure & Regulation
- Legal issuer
- Coinbase Tokenized Stablecoin Yield Feeder Fund
- Tokenization Sponsorship
- Issuer-Sponsored
- Legal structure
- Cayman Islands Exempted Company
- Regulatory Framework
Cayman Islands Virtual Asset (Service Provider) Act
CIMA - Cayman Islands Monetary Authority
- Dispute Resolution Country
Cayman Islands
- Dispute resolution
- Partnership and Subscription Agreements: The Limited Partnership Agreement and the Subscription Agreement are both governed by, and construed in accordance with, the laws of the State of Delaware. Master Fund Governance: The Master Fund is governed by the laws of the Cayman Islands, specifically the Exempted Limited Partnership Act (as amended). Regulatory Oversight: The Cayman Islands Monetary Authority (CIMA) has the power to take action against the Master Fund if it is managed improperly, including applying to the court to have the fund wound up. The Investment Manager is subject to the regulatory oversight and examinations of the National Futures Association (NFA).
- Regulatory jurisdiction
- Cayman Islands
- Inception date
- 06/24/2026
- Denomination
- USD
Service Providers
- Fund administrator
- Northern Trust Global Fund Services Cayman
- Auditor
- Deloitte
- Custodian
- The Northern Trust Company6PTKHDJ8HDUF78PFWH30
- Crypto custodian
- Coinbase Custody
- Transfer agent
- Superstate Fund OS
- Crypto broker
- Coinbase Prime
- KYC provider
- Northern Trust Global Fund Services Cayman
Reporting
- Valuation frequency
- Monthly (Calendar)
Data Room
Shared by Coinbase Tokenized Stablecoin Yield Feeder Fund · 3 documents · Updated 4 Nov 2026Coinbase Stablecoin Yield Fund Metrics
Metric
Show % of Total
Token & Networks
- Platform
- Tokenization type
- Transferability
- Transferable within whitelist
- Token supply
- 250,000.00△
- Circulating supply
- 250,000.00△
Blockchain Networks
Holders
All networks · changes vs. 30 days ago
Holding addresses
3
Active (30D)
1
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holder breakdowns
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Holders Product Screenshot
Transactions
All networks · changes vs. 30 days ago
Transfers (30D)
0
Volume (30D)
$0.00
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