Apex Group launches tokenized BTC mining notes on Base network

• Apex Group, a financial services firm managing over $3.5 trillion in assets, is launching a tokenized Bitcoin mining product on the Base network.
• The Omnes Mining Note (OMN) offers professional, non-U.S. investors direct exposure to Bitcoin hashrate without the need to manage physical hardware.
• Each tokenized note is backed by 1 petahash per second (1 PH/s) of computing power for a fixed duration of 36 months.

Institutional Access to Bitcoin Production

Apex Group is expanding its footprint in the digital asset space by tokenizing the Omnes Mining Note (OMN). This structured product is designed for professional investors outside the United States, providing a way to benefit from Bitcoin production through hashrate. Unlike traditional yield strategies that redistribute existing tokens, the OMN relies on the protocol-level issuance of new Bitcoin.

By utilizing Coinbase’s Base platform, an Ethereum Layer 2 solution, Apex aims to bridge the gap between industrial-scale infrastructure and decentralized finance. This development follows Apex’s acquisition of Tokeny in May, a move that significantly accelerated its capabilities in the real-world asset (RWA) sector.

Technical Structure and Token Standards

The OMN utilizes the ERC-3643 standard, a specialized Ethereum-based protocol developed by Tokeny specifically for tokenizing regulated assets. This ensures that ownership is recorded accurately and mirrored on-chain while maintaining compliance.

Key specifications of the OMN include:

• Hashrate Backing: 1 PH/s per note.
• Tenor: A fixed 36-month term.
• Operational Ease: Investors avoid complexities related to energy costs, hardware maintenance, and regulatory hurdles associated with running a mining farm.

Strategic Impact on On-Chain Finance

According to Peter Hughes, founder and CEO of Apex Group, tokenization provides a level of mobility and utility that traditional financial instruments cannot match. Qualified investors will have the ability to transfer OMN on-chain and eventually use the notes as collateral in permissioned lending markets without needing to liquidate their holdings.

Jesse Pollak, head of Base, highlighted the significance of bringing a regulated debt product backed by physical mining infrastructure to the network. He noted that this move proves on-chain finance is capable of supporting real-world industrial assets. This initiative builds on Apex’s existing relationship with Coinbase, where the group serves as a transfer agent for the Coinbase Bitcoin Yield Fund.