Coinbase introduced the CUSHY strategy to bring institutional credit Onchain
Key Takeaways:
Coinbase Asset Management has launched CUSHY to expand the offering of tokenized loans to qualified investors. Institutions can access tokenized shares and supported networks, including Ethereum. Risk controls include underwriting, scaling, Liquidityand credit quality assessment.
Coinbase's CUSHY expands institutional credit Onchain
Stablecoins Settlement is now moving into institutional lending. Coinbase Asset Management announced the launch of Coinbase on April 30, 2026 Stablecoins Credit Strategy, Credit Fund for Qualified Investors and Institutions. The strategy, called CUSHY, offers credit exposure through onchain infrastructure, tokenized shares and market access focused on stablecoins.
CUSHY allows qualified investors to hold tokenized shares with transparency and 24/7 onchain facility. The fund runs on the Superstate FundOS platform that supports fund tokenization. Coinbase Asset Management said:
“Credit is moving in chains.”
The strategy focuses on public lending, private and leveraged lending and structured alpha. Those categories include liquid credit tools, asset-based lending for digital and traditional borrowers, and opportunities related to tokenization, protocol incentives, rewards, and onchain market structures.
Stablecoins Voice Strengthens Tokenized Credit Push.
The company said. A stable coin Marketing Volume Exceeds $33 trillion by 2025, averaged 89 million addresses A stable coin Every day on major blockchains. He added, “To meet the evolving needs of these sophisticated investors, Coinbase Asset Management is proud to introduce CUSHY – a digital credit strategy designed to bridge the gap between traditional credit markets and the growing digital asset ecosystem. CUSHY is supported by Coinbase Prime, Superstate and Northern Trust, listed as supported networks by Base, Solana and Ethereum.”
Risk controls are central to the product. Coinbase Asset Management said it uses the CUSHY standard for underwriting, leverage, liquidity and credit quality assessment. Coinbase emphasized:
“The digital economy is rapidly emerging as the next credit frontier onchain. With CUSHY, Coinbase Asset Management provides the necessary expertise and regulatory framework to navigate with confidence.”
The startup envisions Credit as a link between stablecoin deployment, institutional lending and digital asset infrastructure.
