Coinbase Launches Digital Credit Strategy CUSHY, Introduces Tokenized Share Structure

Odaily Planet Daily News Coinbase Asset Management (CBAM) has announced the launch of the digital credit strategy CUSHY, introducing a tokenized shareclass mechanism to bridge the traditional credit market with on-chain finance. The strategy focuses on three main areas: on-chain high-liquidity public credit assets, structured private credit for digital-native and traditional borrowers, and structural yield sources combining tokenization with protocol incentives. It is built on Superstate's FundOS tokenization platform, enabling on-chain representation of fund shares and 24/7 trading capabilities, while supporting operations across multiple networks including Ethereum, Solana, and Base.