Apex Group Shows Up With Institutional-Grade Hashrate: Skip the Dusty Rig, Just Catch the Block Reward Vibes

Financial services heavyweight Apex Group, the outfit babysitting over $3.5 trillion in assets, is adding another dish to its tokenization buffet. The latest course? A structured product letting the big-money players get a taste of Bitcoin mining, all set to be cooked up and served on Coinbase's Ethereum layer-2, Base.

Since it swallowed RWA specialist Tokeny back in May, Apex has been going full steamroller on tokenization. This week, it's rolling out the tokenization of the Omnes Mining Note (OMN), a fancy-pants structured note for institutions that’s backed by pure, unadulterated Bitcoin hashrate.

The OMN lets accredited, non-U.S. investors get direct economic skin in the game on fresh Bitcoin production, measured by hashrate. Think of it as renting a slice of the computational muscle that secures the network and prints new BTC, but without the joy of babysitting ASICs, paying power bills that rival a small nation's GDP, or navigating regulatory paperwork.

Each OMN note is collateralized by a fixed 1 petahash per second (1 PH/s) of Bitcoin hashrate for its full 36-month term. Ownership is kept in the old-school book-entry ledger, then gets a digital twin on-chain using the ERC-3643 standard—Tokeny's protocol for putting real-world assets on the blockchain, because even RWAs need a digital passport.

"Tokenization hands investors mobility and utility that your grandpa's paper notes could only dream of," remarked Peter Hughes, founder and CEO of Apex Group. He pointed out that qualified degens can transfer OMN on-chain and maybe even use it as collateral for a loan, boosting liquidity without having to part with the underlying asset—a true hodler's dream.

This play follows Apex's announcement just last week that its collab on the Coinbase Bitcoin Yield Fund would be accessible to investors on the Base network. The plot, as they say, thickens.

"Getting a regulated debt product backed by mining hash onto Base is a major flex," stated Jesse Pollak, head of Base. "It shows onchain finance isn't just for your favorite shitcoin—it's for real-world industrial infrastructure too, you know, the stuff that actually uses electricity."

Emmanuel Montero, CEO of Omnes, cut to the economic chase: "Bitcoin mining is the only game in town that mints new Bitcoin through protocol issuance. This is fundamentally different from yield farming strategies that just shuffle existing Bitcoin around the table." In other words, it's creating the pizza, not just trading slices.