Coinbase to Custody BlackRock ETF, Launch Tokenized Assets Including $TYBG, $DEGEN

Coinbase has been selected as the custodian for BlackRock's ETF, marking a significant partnership between the world's largest asset manager and the cryptocurrency exchange. This collaboration is expected to facilitate the launch of BlackRock's tokenized asset fund on Coinbase's Base platform, featuring coins like $TYBG, $DEGEN, $BRETT, $ROCK. Additionally, Coinbase will serve as a key infrastructure provider for BlackRock, the Securitize Tokenized Investment Fund, and the Meme Investment Fund (MIF). The partnership has also led to speculation about a $90 million private placement of $OP earlier this month, suggesting increased investment activity related to this new venture.