Skip to content

© 2026 Proof of Talk by Xventures | All rights reserved

← All Speakers
Anthony Bassili
Speaker · Proof of Talk 2026
Coinbase Asset Management

Anthony Bassili

President, Coinbase Asset Management

Runs Coinbase's asset management arm, and has spent 2025 and 2026 moving credit strategies and fund share classes onto public blockchains.

XWebsite
The Significance

Why the room needs them.

Anthony Bassili is President of Coinbase Asset Management, the Coinbase-owned manager behind the Coinbase Bitcoin Yield Fund and a stablecoin credit partnership with Apollo. He joined Coinbase in 2022 as head of pensions, hired from BlackRock's iShares US pensions team. At Proof of Talk Paris 2026 he spoke on the Hecto Main Stage panel about stablecoins, credit and tokenisation.

The Numbers
5%
Crypto allocation put forward in "Get Off Zero", the paper published under his byline in August 2025
2022
Year he joined Coinbase as head of pensions, from BlackRock's iShares US pensions team
The Thesis · on the record

What Anthony believes about the next ten years.

01
Tokenised funds have to clear the bar traditional funds clear
In Apex Group's March 2026 announcement of a tokenised share class for the Coinbase Bitcoin Yield Fund, he said tokenised fund infrastructure "has finally arrived and is ready to scale" and "needs to meet the same regulatory and operational standards investors expect from traditional markets". His stated route to that is writing identity and eligibility checks into the token itself, through the ERC-3643 permissioned standard, so that the compliance stack survives the move on-chain.
02
Stablecoin rails reach credit that traditional portfolios cannot
Announcing Coinbase Asset Management's partnership with Apollo in October 2025, he said the global stablecoin ecosystem, operating 24/7 on blockchain rails, "creates opportunities not available in traditional private credit portfolios". The partnership set out three lines of work: over-collateralised asset lending, corporate direct lending and tokenised credit holdings.
03
Five routes off a zero allocation
"It's time for investors to Get Off Zero", published in August 2025 under his byline as President of Coinbase Asset Management with Marcel Kasumovich as contributing author, proposes five ways an investor holding no crypto can arrive at some. Most start with a passive Bitcoin allocation, the paper says, and it puts a 5% allocation forward while stating that this is not the only way.
The Timeline

Years of shipping.

2022
Joined Coinbase in March as its head of pensions, from BlackRock, where he was a director and head of the iShares US pensions team.
August 2025
Named author of Coinbase Asset Management's paper "It's time for investors to Get Off Zero", with Marcel Kasumovich as contributing author.
October 2025
Coinbase announced a Coinbase Asset Management partnership with Apollo on stablecoin credit strategies, naming Apollo as its Strategic Credit Partner.
March 2026
Apex Group and Coinbase Asset Management launched a tokenised share class of the Coinbase Bitcoin Yield Fund on Base, using the ERC-3643 permissioned token standard.
April 2026
Coinbase Asset Management announced CUSHY, a stablecoin credit fund with Apollo originating credit, Superstate issuing tokenised shares and Northern Trust administering.
June 2026
Spoke at Proof of Talk Paris 2026 on the Hecto Main Stage panel "Where Stablecoins Meet Credit: Rewiring Finance Through Tokenisation", 3 June.
In Their Words

Lines that keep proving correct.

“Tokenized fund infrastructure has finally arrived and is ready to scale. It needs to meet the same regulatory and operational standards investors expect from traditional markets. The Coinbase Bitcoin Yield Fund's tokenized share class shows that you can bring real-world assets onchain while preserving the full compliance stack. By integrating identity and eligibility at the token level, this structure lays important groundwork for scalable, institutional-grade digital distribution.”

Apex Group press release on the tokenised share class of the Coinbase Bitcoin Yield Fund, 19 March 2026 (US spelling as published)

“The global stablecoin ecosystem, which operates 24/7 on blockchain rails, creates opportunities not available in traditional private credit portfolios. We look forward to working with firms around the world to unlock this new market.”

Coinbase blog post announcing the Coinbase Asset Management and Apollo partnership on stablecoin credit strategies, 27 October 2025

“With CUSHY, we are fusing the high-velocity efficiency of digital rails with the institutional rigour of traditional credit.”

crypto.news report on the CUSHY stablecoin credit fund, 1 May 2026
The Body of Work

What they have built, written, and backed.

Built

  • Tokenised share class of the Coinbase Bitcoin Yield FundLaunched with Apex Group in March 2026 on Base, built on the ERC-3643 permissioned token standard, with investor onboarding through the CBAM Investor Portal powered by Tokeny. The release said Coinbase Asset Management planned a tokenised share class for its Coinbase US Bitcoin Yield Fund with Apex as well.
  • The Apollo stablecoin credit partnershipAnnounced by Coinbase in October 2025, with Apollo named as Coinbase Asset Management's Strategic Credit Partner and three strategy lines set out: over-collateralised asset lending, corporate direct lending and tokenised credit holdings. Christine Moy, Partner and Head of Digital Assets, Data and AI Strategy at Apollo, was quoted alongside him.
  • CUSHYA stablecoin credit fund for qualified institutional investors, announced on 30 April 2026, with Apollo handling private credit origination, Superstate issuing tokenised shares through its FundOS platform on Ethereum, Solana and Base, Northern Trust Hedge Fund Services as administrator and Coinbase Prime for custody and trading. The Block reported its formal name as the Coinbase Stablecoin Yield Fund, and a 27 August 2026 newsletter account said the fund launched that April.
  • "It's time for investors to Get Off Zero"Coinbase Asset Management paper dated August 2025 on its cover, carrying the byline "Anthony Bassili, President, Coinbase Asset Management", with Marcel Kasumovich, Chief Strategist, as contributing author. It proposes five ways to reach a non-zero crypto allocation and puts a 5% allocation forward.

Anthony at Proof of Talk

The next Proof of Talk is in Abu Dhabi.

Louvre Abu Dhabi, 3–4 December 2026. Admission is by application, and the room is capped at 2,000.

Request access