Coinbase Asset Management has rolled out CUSHY, a tokenized fund meant to expand institutional credit access onchain for qualified investors, according to the source text from CoinDesk.
The strategy combines three building blocks. It uses stablecoin settlement, it pairs that with tokenized shares, and it adds credit exposure as part of the fund structure, the text says.
CoinDesk also claims stablecoin volume exceeded $33 trillion in 2025. Against that backdrop, the source text frames CUSHY as Coinbase Asset Management’s way to bring more institutional credit activity into tokenized workflows.
The details in the provided excerpt stay high level. The text says CUSHY is available through supported networks and that institutions can access tokenized shares as part of the approach, but it does not specify the underlying assets, fee structure, or the exact rules for participation beyond “qualified investors.”