Apex Group will tokenize Bitcoin mining receipts OMN on the Coinbase Base platform
According to CoinDesk, fund services giant Apex Group announced that it will tokenize Omnes Mining Note (OMN) on the Base platform, a Layer 2 network under Coinbase. OMN is an institutional-grade structured note backed by btc-42">Bitcoin mining power, aimed at professional non-U.S. investors, providing economic exposure directly linked to new Bitcoin production without the operational burdens of mining infrastructure, hardware, energy, and compliance.
Each OMN corresponds to a fixed 1 PH/s of mining power, with a term of 36 months, and ownership is recorded on-chain through the ERC-3643 standard, which may potentially be used as collateral for permissioned lending in the future.
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