TLDR
- Coinbase Asset Management has partnered with Apollo Global Management to expand its stablecoin credit services.
- The collaboration focuses on over-collateralized asset lending, direct lending to companies and tokenized credit holdings.
- Coinbase users will be able to borrow against their digital assets and invest in tokenized credit products.
- Anthony Bassili, CEO of Coinbase Asset Management, highlighted the unique opportunities within the global stablecoin ecosystem.
- Coinbase plans to offer enhanced digital payment methods, including fiat-to-stablecoin payouts, in collaboration with banking partners such as Citi.
Coinbase Asset Management has partnered with Apollo Global Management to improve its stablecoin credit services. This collaboration focuses on over-collateralized asset lending, direct lending to businesses and tokenized credit holdings. These services aim to provide new ways for users to borrow against digital assets and invest in tokenized credit products.
New loan options with Coinbase and Apollo
The partnership makes it possible Coin base to offer new borrowing and lending opportunities for its users. With these services, users can now use digital assets as collateral to secure loans. The collaboration also includes direct lending to both traditional and digital businesses, expanding the scope of available loan options.
According to Anthony Bassili, CEO of Coinbase Asset Management,
“The global stablecoin ecosystem, operating 24/7 on blockchain rails, creates opportunities not available in traditional private credit portfolios.”
This statement highlights the unique potential of stablecoins to revolutionize the credit landscape. By leveraging blockchain technology, Coinbase and Apollo aim to introduce new financial products to institutional markets.
Expand digital payment services
In addition to expanding its credit services, Coinbase is exploring ways to improve digital payment methods. The company cooperates with large banking partners, such as e.g Citito develop fiat-to-stablecoin payout system. This initiative is designed to improve the efficiency of digital payments, making it easier for users to access their money.
The partnership with Apollo also accelerates the tokenization of credit markets. Christine Moy, a partner at Apollo, said:
“Partnering with Coinbase accelerates our vision to tokenize credit markets and demonstrates how Apollo’s credit expertise and tokenization strategy can drive new forms of return generation.”
This collaboration aims to introduce institutional investors to new ways of generating returns through tokenized credit products.
