Discover Coinbase Asset Management

Calibrated to the COINCORE and COINTILT indices. (Administered by MarketVector Indices.)

Our flagship product, a multi-strategy solution, endeavors to provide superior risk-adjusted returns in digital assets.

Our developing blockchain-powered platform that upgrades traditional financial activities via digital rails. Currently operating in the ADGM RegLab Sandbox.

Investment Strategies

Our strategies and solutions are calibrated to support institutional engagement in digital assets.

Multi-Strategy Solution

Our multi-strategy solution seeks to monetize distinct return sources from digital assets through a single structure. This solution’s sub-strategies may include quantitative strategies and yield-focused strategies, and may selectively deploy capital into new strategies focused on potential arbitrage and dislocation opportunities. Capital allocations will change based on the opportunity set, and are governed by a risk management framework to guard against extreme tails. This solution supports quarterly withdrawals.

DISCLAIMER: This website is intended solely for use by accredited investors and qualified eligible persons. This information is not a solicitation for investment, is not comprehensive, and is qualified by (and if contradictory with the offering documents, superseded by) the relevant offering documents. This website is not an offer to sell or a solicitation of an offer to buy any securities and may not be relied upon in connection with the purchase or sale of any security. Any such offer would only be made by means of offering documents. CBAM does not give any tax, accounting, legal or regulatory advice to you and you should satisfy yourself in this regard and ensure that you consult with appropriate advisors to assist in understanding the transactions contemplated by this document. Information provided reflects CBAM’s views as of a particular time and are subject to change without notice. Prospective investors should not make investment decisions on the basis of any forward-looking statements contained herein. This content contains statements of opinion, including but not limited to, CBAM’s analysis and views with respect to: digital assets, projected inflation, macroeconomic policy, the market adoption of digital assets, and the market in general. Statements of opinion herein have been formulated using CBAM’s experience, research, and/or analysis, however, such statements also contain elements of subjectivity and are often subjective in nature. In addition, when conducting the analyses on which it bases statements of opinion, CBAM will incorporate assumptions, which in some cases may be shown to be inaccurate in the future, including in certain material respects. Certain information contained in this website constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology. Forward-looking statements made in this webpage are based on current expectations, speak only as of the date of this webpage, as the case may be, and are susceptible to a number of risks, uncertainties and other factors. Assumptions relating to the foregoing involve judgments with respect to, among other things, projected inflation, the regulation of digital assets and macroeconomic policy, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the assumptions underlying the projected results and forward-looking statements are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this webpage will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation to future results or that the objectives and plans expressed or implied by such forward-looking statements will be achieved. There is no guarantee that the investment objectives will be achieved. Investments in Virtual Currencies, Virtual Currency Derivatives, or Digital Assets are speculative and have unique risks including but not limited to, (i) that they are not legal tender in the United States and as such the value is based on the agreement of the parties in the transaction, (ii) the price of a virtual currency is based on the perceived value of the virtual currency and subject to changes in sentiment, which make these products highly volatile potentially subject to rapid and substantial price movements which could result in significant losses, (iii) the lack of a centralized pricing source poses valuation challenges for market participants trying to exit a position, particularly during periods of stress, (iv) a cybersecurity event which could result in a substantial, immediate, and irreversible loss for market participants that trade virtual currencies, (v) virtual currency balances are generally maintained as an address on the blockchain and are accessed through private keys, which may be held by a market participant or a custodian, (vi) the lack of regulatory oversight creates a risk that a virtual currency exchange may not hold sufficient virtual currencies and funds to satisfy its obligations and that such deficiency may not be easily identified or discovered resulting in significant losses, (vii) currently virtual currencies face an uncertain regulatory landscape in the United States and many foreign jurisdictions and laws, these changing regulations or directives may impact the price of virtual currencies, (viii) the new and rapidly evolving technology underlying virtual currencies could also have adverse implications for investors, (ix) many virtual currencies allow market participants to introduce fees which may not be defined or known adding to the cost on a pass through basis to investors. None of the aforementioned products have an active secondary market. A lack of an active secondary market could mean investors are unable to redeem subscriptions at prices at or near NAV, especially in distressed market conditions. It could also mean the value of investments could change suddenly and unpredictably, or that reported NAV may not be as certain as for other types of investments with active secondary markets. CBAM is a Registered Investment Adviser, Commodity Pool Operator, and Commodity Trading Advisor. Registration with the SEC and membership with the NFA in no way imply a certain level of skill or expertise or that any of the SEC, CFTC, NFA, or DOL have endorsed CBAM. COINBASE ASSET MANAGEMENT, LLC (CBAM) IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. CBAM HAS ENGAGED OR MAY ENGAGE IN UNDERLYING OR SPOT VIRTUAL CURRENCY TRANSACTIONS IN A COMMODITY POOL OR MANAGED ACCOUNT PROGRAM. ALTHOUGH NFA HAS JURISDICTION OVER CBAM AND ITS COMMODITY POOL OR MANAGED ACCOUNT PROGRAM, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY FOR UNDERLYING OR SPOT MARKET VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. YOU SHOULD ALSO BE AWARE THAT GIVEN CERTAIN MATERIAL CHARACTERISTICS OF THESE PRODUCTS, INCLUDING LACK OF A CENTRALIZED PRICING SOURCE AND THE OPAQUE NATURE OF THE VIRTUAL CURRENCY MARKET, THERE CURRENTLY IS NO SOUND OR ACCEPTABLE PRACTICE FOR NFA TO ADEQUATELY VERIFY THE OWNERSHIP AND CONTROL OF A VIRTUAL CURRENCY OR THE VALUATION ATTRIBUTED TO A VIRTUAL CURRENCY BY CBAM.

Digital Indices

Our index strategies are calibrated to the Coinbase Core Index (COINCORE) and the Coinbase Size Tilt Index (COINTILT) benchmarks.

The Coinbase Core Index (COINCORE) tracks a dynamic core basket of the most liquid and fundamentally sound digital assets weighted by market capitalization.

The Coinbase Size Tilt Index (COINTILT) weights the assets in the Core Index by the square root of market capitalization, tilting towards constituents of a smaller market capitalization.

The Coinbase Broad Index (COINB) is a benchmark, and is not investible. COINB provides a comprehensive view of the digital asset universe by tracking a wide array of assets. The Index focuses exclusively on fundamental screening, not the readiness to scale to institutional investors.

Our indices take a systematic, rules-based approach to reconstitution by applying fundamental, regulatory, and liquidity filters.
MarketVector Indices is the Benchmark Administrator, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin).
Stablecoin and privacy assets are excluded.

DISCLAIMER: This website is intended solely for use by accredited investors and qualified eligible persons. This information is not a solicitation for investment, is not comprehensive, and is qualified by (and if contradictory with the offering documents, superseded by) the relevant offering documents. This website is not an offer to sell or a solicitation of an offer to buy any securities and may not be relied upon in connection with the purchase or sale of any security. Any such offer would only be made by means of offering documents. CBAM does not give any tax, accounting, legal or regulatory advice to you and you should satisfy yourself in this regard and ensure that you consult with appropriate advisors to assist in understanding the transactions contemplated by this document. Information provided reflects CBAM’s views as of a particular time and are subject to change without notice. Prospective investors should not make investment decisions on the basis of any forward-looking statements contained herein. This content contains statements of opinion, including but not limited to, CBAM’s analysis and views with respect to: digital assets, projected inflation, macroeconomic policy, the market adoption of digital assets, and the market in general. Statements of opinion herein have been formulated using CBAM’s experience, research, and/or analysis, however, such statements also contain elements of subjectivity and are often subjective in nature. In addition, when conducting the analyses on which it bases statements of opinion, CBAM will incorporate assumptions, which in some cases may be shown to be inaccurate in the future, including in certain material respects. Certain information contained in this website constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology. Forward-looking statements made in this webpage are based on current expectations, speak only as of the date of this webpage, as the case may be, and are susceptible to a number of risks, uncertainties and other factors. Assumptions relating to the foregoing involve judgments with respect to, among other things, projected inflation, the regulation of digital assets and macroeconomic policy, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the assumptions underlying the projected results and forward-looking statements are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this webpage will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation to future results or that the objectives and plans expressed or implied by such forward-looking statements will be achieved. There is no guarantee that the investment objectives will be achieved. Investments in Virtual Currencies, Virtual Currency Derivatives, or Digital Assets are speculative and have unique risks including but not limited to, (i) that they are not legal tender in the United States and as such the value is based on the agreement of the parties in the transaction, (ii) the price of a virtual currency is based on the perceived value of the virtual currency and subject to changes in sentiment, which make these products highly volatile potentially subject to rapid and substantial price movements which could result in significant losses, (iii) the lack of a centralized pricing source poses valuation challenges for market participants trying to exit a position, particularly during periods of stress, (iv) a cybersecurity event which could result in a substantial, immediate, and irreversible loss for market participants that trade virtual currencies, (v) virtual currency balances are generally maintained as an address on the blockchain and are accessed through private keys, which may be held by a market participant or a custodian, (vi) the lack of regulatory oversight creates a risk that a virtual currency exchange may not hold sufficient virtual currencies and funds to satisfy its obligations and that such deficiency may not be easily identified or discovered resulting in significant losses, (vii) currently virtual currencies face an uncertain regulatory landscape in the United States and many foreign jurisdictions and laws, these changing regulations or directives may impact the price of virtual currencies, (viii) the new and rapidly evolving technology underlying virtual currencies could also have adverse implications for investors, (ix) many virtual currencies allow market participants to introduce fees which may not be defined or known adding to the cost on a pass through basis to investors. None of the aforementioned products have an active secondary market. A lack of an active secondary market could mean investors are unable to redeem subscriptions at prices at or near NAV, especially in distressed market conditions. It could also mean the value of investments could change suddenly and unpredictably, or that reported NAV may not be as certain as for other types of investments with active secondary markets. CBAM is a Registered Investment Adviser, Commodity Pool Operator, and Commodity Trading Advisor. Registration with the SEC and membership with the NFA in no way imply a certain level of skill or expertise or that any of the SEC, CFTC, NFA, or DOL have endorsed CBAM. COINBASE ASSET MANAGEMENT, LLC (CBAM) IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. CBAM HAS ENGAGED OR MAY ENGAGE IN UNDERLYING OR SPOT VIRTUAL CURRENCY TRANSACTIONS IN A COMMODITY POOL OR MANAGED ACCOUNT PROGRAM. ALTHOUGH NFA HAS JURISDICTION OVER CBAM AND ITS COMMODITY POOL OR MANAGED ACCOUNT PROGRAM, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY FOR UNDERLYING OR SPOT MARKET VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. YOU SHOULD ALSO BE AWARE THAT GIVEN CERTAIN MATERIAL CHARACTERISTICS OF THESE PRODUCTS, INCLUDING LACK OF A CENTRALIZED PRICING SOURCE AND THE OPAQUE NATURE OF THE VIRTUAL CURRENCY MARKET, THERE CURRENTLY IS NO SOUND OR ACCEPTABLE PRACTICE FOR NFA TO ADEQUATELY VERIFY THE OWNERSHIP AND CONTROL OF A VIRTUAL CURRENCY OR THE VALUATION ATTRIBUTED TO A VIRTUAL CURRENCY BY CBAM.

Infrastructure Solutions

Project Diamond

Project Diamond aims to create an institutional network for digital assets.

Currently in development in the ADGM RegLab Sandbox, this blockchain-powered platform enables the near-instantaneous execution of traditional financial activities within a permissioned, private platform.

Project Diamond will:

Lower costs for traditional financial activities. We can launch new markets with fewer frictions, responding more quickly to market interests.

Automate complexity through blockchain-based processes across the lifecycle of financial instruments.

Enhance regulatory engagement via next-generation oversight.

Streamline AML KYC across instruments.

Learn more

DISCLAIMER: Project Diamond is a smart contract platform developed by Coinbase Asset Management, LLC (“Coinbase AM”), and is for institutional application only. Features described may be conceptual in nature or under development and are subject to change. The issuance of on-chain instruments may be considered securities activity and may subject the issuer to regulatory registration or other compliance obligations. Project Diamond has received in-principle approval from the Financial Services Regulated Activity (“FSRA”) of Abu Dhabi Global Market (“ADGM”) to conduct the regulated activity of Developing Financial Technology Services within the RegLab. Project Diamond's initial use cases will be for registered institutional users outside the U.S. only.