Institutional investors will soon gain new access to Bitcoin mining through the Omnes Mining Note, as Apex Group rolls out a dedicated structure on Coinbase’s Base network.
New tokenized structure for bitcoin mining exposure
Apex Group will tokenize a bitcoin mining-linked structured note on Coinbase‘s Base network, targeting professional non-U.S. investors. The new Omnes Mining Note aims to deliver direct economic exposure to bitcoin production via hashrate, without requiring investors to operate or manage mining infrastructure.
The firm confirmed it will issue and manage the OMN on Base, Coinbase’s Ethereum layer-2 network. Moreover, the structured product is designed to give institutions rights to newly produced bitcoin that correspond to an allocated share of network computing power. This approach separates economic exposure from direct coin custody.
The note measures exposure through hashrate rather than direct bitcoin holdings. That said, investors still participate in the economics of newly issued coins without handling hardware, energy contracts, or complex operational setups typically associated with industrial mining.
OMN structure, hashrate backing and tenor
Each OMN is backed by 1 petahash per second of bitcoin hashrate. The product maintains this allocation for a 36-month tenor, giving investors a defined period of exposure to network issuance economics. However, unlike traditional mining contracts, the position is packaged as a structured note aimed at regulated institutional channels.
Ownership records for the note remain in traditional book-entry form. These records are then mirrored onchain under the ERC-3643 token standard, aligning offchain registries with digital representations. This dual-record model is intended to preserve existing capital markets processes while enabling onchain transfers and lifecycle automation.
The ERC-3643 framework operates as an Ethereum-based standard for tokenized real-world assets and compliant digital securities. Moreover, it embeds transfer restrictions and identity checks at the protocol level, which helps issuers enforce regulatory requirements across jurisdictions and investor types.
Strategy acquires Tokeny to expand RWA capabilities
Tokeny originally developed ERC-3643 to support institutional-grade tokenization. Apex moved to strengthen its position in real-world asset tokenization by acquiring Tokeny in May last year. The deal expanded the group’s technology stack for issuing and managing onchain financial instruments.
Peter Hughes, founder and CEO of Apex Group, highlighted the strategic rationale for the note. He stated that tokenization gives investors mobility and utility that traditional notes cannot match. Furthermore, qualified investors will be able to transfer OMN onchain and potentially deploy it as collateral within permissioned lending markets.
According to Hughes, this flexibility is central to building institutional confidence in digital asset infrastructure. By combining structured note mechanics with onchain settlement and control, Apex aims to bridge legacy capital markets and emerging decentralized finance rails.
Base network as the distribution and settlement layer
Apex continues to scale its digital asset services across multiple platforms. The company currently administers more than $3.5 trillion in assets under care, and it has sharpened its focus on tokenized instruments since finalizing the Tokeny acquisition. Onchain issuance on Base is a key part of that roadmap.
The firm also collaborates with Coinbase on the Coinbase Bitcoin Yield Fund. In that structure, Apex acts as transfer agent and record keeper for the fund’s net asset value. Moreover, the partnership extends the fund’s availability to investors through the Base network, reinforcing Base’s role as a regulated onchain hub for institutional products.
Jesse Pollak, head of Base, described the new note as an important proof point. He said that bringing a regulated debt product backed by mining onto Base is a huge win for the ecosystem. That said, he also argued that the transaction demonstrates how onchain finance can support real-world industrial infrastructure assets.
Economic design of the Omnes Mining Note
Emmanuel Montero, CEO of Omnes, outlined the economics behind the structure. He emphasized that bitcoin mining is the only mechanism that creates new Bitcoin through protocol issuance. As a result, the note is designed to tie investor returns directly to network issuance flows rather than to secondary market trading.
Montero contrasted this approach with yield strategies that redistribute existing bitcoin from lending, staking, or other onchain activities. Moreover, he stressed that the Omnes Mining Note channels capital toward the infrastructure that secures the Bitcoin network itself, aligning investor incentives with long-term network health.
The OMN website confirms that each token mirrors ownership rights onchain under the ERC-3643 standard. It states that the protocol enforces transfer rules and compliance checks at the token level. Apex will oversee issuance, transfers, and lifecycle events for the 36-month product on Base, providing a single operational interface for institutional users.
Outlook for tokenized mining-linked securities
The launch of this note adds a new option to the broader bitcoin mining investment landscape. While exchange-traded funds and listed miners offer equity and price-based exposure, this structure centers on mining hashrate exposure through a tokenized debt instrument. However, its target market remains limited to professional non-U.S. investors under the current framework.
As Apex deepens its onchain presence and builds on ERC-3643, market participants will watch how demand for hashrate-backed securities evolves. The Omnes Mining Note on Base could serve as a template for future products that tokenize infrastructure-level cash flows across the digital asset sector.
Source: https://en.cryptonomist.ch/2026/03/24/bitcoin-mining-base-omnes-note/
