Coinbase Asset Management, the investment branch of Coinbase, announced on Monday that it has partnered with Apollo Global Management to expand its stablecoin credit services around the world.
New Ways to Borrow and Invest
According to a release on Coinbase’s blog, this partnership will include lending services where users can borrow safely using their digital assets as collateral. It also covers direct lending to companies, including both traditional businesses and digital-only companies. Another significant component is the development of tokenized credit products, which will allow investors to put money into Apollo-managed strategies in a digital format.
“The global stablecoin ecosystem, which operates 24/7 on blockchain rails, creates opportunities not available in traditional private credit portfolios,” stated Anthony Bassili, president of Coinbase Asset Management, in the release.
Apollo brings extensive experience in lending and tokenized investments to this collaboration. The company has previously worked with Securitize to offer tokenized credit and has also invested in Plume Network, a company focused on real-world digital assets. This established expertise will be instrumental in helping Coinbase deliver new credit opportunities to its investors.
The launch of these new products is anticipated in 2026. Coinbase currently offers U.S. customers the ability to borrow up to $100,000 using their digital assets as security. This new partnership is set to broaden access to these borrowing facilities, extending them to a wider range of borrowers, including fintechs, neobanks, and payment-service companies.
Improving Payments and Expanding Access
Coinbase also indicated that it is actively exploring new methods to enhance digital payments. This includes initiatives such as developing fiat-to-stablecoin payouts in collaboration with banking partners like Citi.
Christine Moy, partner and head of digital assets, data, and AI strategy at Apollo, commented on the partnership: “Partnering with CBAM accelerates our vision of tokenizing credit markets and demonstrates how Apollo’s credit expertise and tokenization strategy can power new forms of yield generation.”