Why the room needs them.
Anthony Bassili is President of Coinbase Asset Management, the Coinbase-owned manager behind the Coinbase Bitcoin Yield Fund. It is also behind 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 full account.
Anthony Bassili is President of Coinbase Asset Management, the Stamford, Connecticut manager owned outright by Coinbase Global and formerly known as One River Digital Asset Management, LLC. Its chief executive and chief investment officer is Eric Peters. The firm is registered with the SEC as an investment adviser.
He arrived at Coinbase in March 2022 as its head of pensions, hired from BlackRock, where he had been a director and head of the iShares US pensions team. Institutional Investor reported at the time that he had joined BlackRock roughly nine years earlier as a vice president of portfolio management and business development, after a career at traditional institutions including JPMorgan Chase. His own speaker biography for Bitcoin MENA 2025 adds that he was head of Asset Allocators and Tokenization for Coinbase Institutional before moving across to the asset manager, and that he holds the CAIA designation.
His public work since 2025 has centred on putting credit and fund structures onto public blockchains. In August 2025 he was the named author of Coinbase Asset Management's paper "It's time for investors to Get Off Zero", which proposes five ways an investor can reach a non-zero crypto allocation and puts a 5% figure forward; Marcel Kasumovich, the firm's chief strategist, was contributing author. That October, Coinbase announced a partnership with Apollo as Coinbase Asset Management's Strategic Credit Partner, covering over-collateralised asset lending, corporate direct lending and tokenised credit holdings. Apex Group and the firm launched a tokenised share class of the Coinbase Bitcoin Yield Fund on Base in March 2026, built on the ERC-3643 permissioned token standard, with onboarding through the CBAM Investor Portal powered by Tokeny. At the end of April 2026 the firm announced CUSHY, a stablecoin credit fund for qualified institutional investors, with Apollo originating private credit, Superstate issuing tokenised shares and Northern Trust administering.
He spoke at Proof of Talk Paris 2026 as President of Coinbase Asset Management, on the Hecto Main Stage panel "Where Stablecoins Meet Credit: Rewiring Finance Through Tokenisation" at 12:25 on 3 June, alongside Chris Cox of Citi, Francesco Filia of Fasanara and Maha Al-Saadi, with Michael del Castillo moderating.
What Anthony believes about the next ten years.
Years of shipping.
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.”
“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.”
“With CUSHY, we are fusing the high-velocity efficiency of digital rails with the institutional rigour of traditional credit.”
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.
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