TLDRCoinbase Asset Management launched CUSHY to offer tokenized credit exposure to institutions and qualified investors.The strategy combines public and private credit with onchain incentives and blockchain-based fund access.CUSHY will operate across Ethereum, Solana, and Base to support broad blockchain compatibility.FundOS by Superstate will provide the infrastructure for tokenized shares and fund management.Coinbase Prime will deliver custody and trading services while Northern Trust will manage fund administration.Coinbase Asset Management has launched a new credit product focused on digital finance markets. The strategy, called CUSHY, targets institutions and qualified investors seeking onchain exposure. It combines traditional credit with blockchain-based access and tokenized fund structures.Stablecoin and Tokenized Credit Strategy Gains TractionCoinbase Asset Management introduced CUSHY as a diversified credit vehicle tied to onchain finance growth. The firm stated that the strategy combines public and private credit with blockchain incentives.The company explained that tokenized shares will offer transparency and continuous onchain access. It said FundOS will support issuance and lifecycle management of these digital fund shares.CUSHY will operate across Base, Solana, and Ethereum networks, ensuring broad blockchain compatibility. Coinbase Prime will provide custody and trading services, while Northern Trust will handle fund administration.The firm described the structure as an opportunistic credit approach targeting yield premiums from onchain capital flows. It added that protocol rewards and market incentives will form part of the return strategy.Infrastructure and Institutional Framework Support RolloutSuperstate developed FundOS as a platform to tokenize traditional investment vehicles for blockchain environments. The platform allows asset managers to select supported chains and define fund parameters.Managers can also enable stablecoin subscriptions and redemptions through integrated infrastructure. This setup provides continuous access and transparency for institutional investors.Coinbase Asset Management stated that risk management remains central to the product design. It said the strategy follows strict underwriting, diversification, and liquidity guidelines.A company statement said, “Risk discipline is essential when bringing institutional credit products onto digital rails.” The firm emphasized that credit quality reviews will guide portfolio construction.The launch aligns with rising stablecoin usage in global financial systems. Stablecoin transaction volume reached $33 trillion in 2025, reflecting a 72% annual increase.USDC accounted for $18.3 trillion of total volume, while USDT reached $13.3 trillion. These figures show increasing reliance on stablecoins in digital payments and trading.Coinbase Asset Management operates as an SEC-registered investment adviser and holds multiple regulatory registrations. The firm confirmed it is also registered with the NFA and regulated by the CFTC.CUSHY extends Coinbase’s expansion into institutional asset management and tokenized markets. The company continues to build services beyond its core trading platform.The product integrates traditional finance structures with blockchain-based infrastructure. It aims to provide institutions with access to emerging digital credit opportunities.Coinbase stated that the strategy will evolve alongside stablecoin adoption and onchain finance growth. It confirmed that deployment will begin across supported blockchain networks.The post Coinbase Launches CUSHY to Target Stablecoin Credit Markets appeared first on Blockonomi.