Apex Group, the fund services provider with over $3.5 trillion in assets under administration, is tokenizing the Omnes Mining Note (OMN) on Coinbase's Base network — giving institutional investors onchain exposure to Bitcoin hashrate without the operational overhead of running mining infrastructure.

The OMN is an institutional-grade structured note where each token is backed by 1 petahash per second (1 PH/s) of Bitcoin hashrate over a 36-month tenor. Targeted at professional non-U.S. investors, it offers direct economic exposure to new Bitcoin production without requiring investors to manage hardware, energy, or regulatory compliance. Ownership is recorded in book-entry form and mirrored onchain using the ERC-3643 permissioned token standard.

"Bringing a regulated debt product backed by mining onto Base is a huge win," said Jesse Pollak, head of Base. "It proves that onchain finance isn't just for crypto-native assets — it's for real-world industrial infrastructure too."

The tokenized format adds liquidity advantages that traditional structured notes lack. Holders will be able to transfer OMN onchain and potentially use it as collateral in permissioned lending without liquidating the position. Apex CEO Peter Hughes noted that tokenization gives investors "mobility and utility that traditional notes cannot."

The announcement extends Apex's deepening presence on Base. Last week, the firm announced that the tokenized Coinbase Bitcoin Yield Fund would also be accessible on the network. Together, the moves position Base as a growing venue for institutional-grade RWA products, adding real-world industrial infrastructure alongside the more common tokenized Treasuries and money market funds.

Omnes CEO Emmanuel Montero emphasized the fundamental distinction: unlike yield strategies that redistribute existing Bitcoin, mining creates new supply through protocol issuance.