Apex Launches Bitcoin Mining Note on Base Network

TLDR

• Apex Group will tokenize the Omnes Mining Note on Coinbase’s Base network for professional non-U.S. investors.
• The structured product provides direct economic exposure to Bitcoin mining through allocated hashrate.
• Each OMN is backed by 1 petahash per second of bitcoin hashrate for a 36-month tenor.
• Ownership records remain in book-entry form and are mirrored onchain under the ERC-3643 standard.
• Apex acquired Tokeny in May last year to strengthen its tokenization and real-world asset capabilities.

Apex Group will tokenize a Bitcoin mining-linked structured note on Coinbase’s Base network. The firm will issue the Omnes Mining Note to professional non-U.S. investors. The product provides direct exposure to bitcoin production through hashrate without operating mining infrastructure.

Bitcoin Mining Exposure Structured Through OMN

Apex Group confirmed it will tokenize the Omnes Mining Note, known as OMN. The structured product offers institutions exposure to Bitcoin mining through allocated hashrate. The firm will issue and manage the note on Coinbase’s Ethereum layer-2 network, Base.

The OMN gives professional non-U.S. investors economic rights to newly produced bitcoin. The structure measures exposure through hashrate rather than direct bitcoin holdings. Investors avoid managing hardware, energy contracts, or regulatory requirements linked to mining operations.

Each OMN carries a backing of 1 petahash per second of bitcoin hashrate. The note maintains this allocation for a 36-month tenor. Ownership records remain in book-entry form and mirror onchain under the ERC-3643 token standard.

ERC-3643 operates as an Ethereum-based framework for tokenized real-world assets. Tokeny developed the protocol to support compliant digital securities issuance. Apex acquired Tokeny in May last year to expand its tokenization capabilities.

Peter Hughes, founder and CEO of Apex Group, addressed the structure in a statement. He said, “Tokenization gives investors mobility and utility that traditional notes cannot.” He added that qualified investors can transfer OMN onchain and potentially use it as collateral in permissioned lending.

Apex Expands Tokenization Strategy on Base

Apex continues to scale its digital asset services through partnerships and platform integrations. The company administers over $3.5 trillion in assets under care. It has increased its focus on tokenized financial instruments since acquiring Tokeny.

The firm also works with Coinbase on the Coinbase Bitcoin Yield Fund. Apex acts as the transfer agent and record keeper for the fund’s net asset value. The partnership extends the availability of the fund to investors on the Base network.

Jesse Pollak, head of Base, commented on the OMN issuance. He said, “Bringing a regulated debt product backed by mining onto Base is a huge win.” He added that the move shows onchain finance can support industrial infrastructure assets.

Emmanuel Montero, CEO of Omnes, described the economic design of the note. He said, “Bitcoin mining is the only mechanism that creates new Bitcoin through protocol issuance.” He stated that this structure differs from yield strategies that redistribute existing bitcoin.

The OMN website confirms that each token mirrors ownership rights onchain. It states that the ERC-3643 standard governs transfer rules and compliance checks. Apex will manage issuance and lifecycle events for the 36-month product on Base.

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