In a move that underscores the accelerating convergence of traditional finance and blockchain-based assets, Coinbase Asset Management (CBAM) and Apollo Global Management announced a strategic partnership on October 27, 2025, to develop a suite of stablecoin-backed credit investment products.
The collaboration is designed to bridge the stablecoin economy with private credit and asset tokenization, paving the way for a new era of on-chain credit markets.
According to a joint statement, the partnership will focus on high-quality, diversified credit strategies that utilize stablecoins as the primary settlement and collateral layer. The initiative seeks to unlock new yield opportunities within the rapidly expanding stablecoin ecosystem while maintaining institutional-grade transparency and compliance.
Under the agreement, Apollo will contribute its global expertise in credit and asset tokenization, while Coinbase will provide the underlying blockchain and settlement infrastructure through its on-chain platform. The partners plan to roll out tokenized credit products and lending services in 2026, targeting both institutional investors and corporate borrowers seeking efficient, blockchain-native financing models.
The forthcoming products will include over-collateralized lending, corporate direct lending, and tokenized credit holdings, all designed to bring liquidity and accessibility to traditionally opaque private credit markets. Analysts see this as a continuation of the broader trend toward real-world asset (RWA) tokenization, a sector projected to exceed $10 trillion in value by the end of the decade.
This announcement also follows Coinbase’s recent digital payments collaboration with Citi, highlighting the company’s ongoing strategy to expand beyond crypto trading into infrastructure-level financial services.
By combining Apollo’s scale in credit with Coinbase’s blockchain expertise, the partnership could become one of the most significant institutional bridges between stablecoins and traditional capital markets — signaling that tokenized credit may soon become a mainstream investment class.