Apex and Omnes to Tokenize Bitcoin Mining Note on Base

Apex Group and financial technology firm Omnes announced plans to tokenize the Omnes Mining Note, an institutional structured product backed by Bitcoin mining hashrate, on Base, Coinbase's Ethereum Layer 2 network. The initiative, revealed this week, targets professional investors outside the United States and aims to provide exposure to new Bitcoin production without the burdens of operating mining facilities.

The Omnes Mining Note, or OMN, functions as a secured debt instrument that links investors to Bitcoin hashrate, the computational power used to secure the network and generate new coins. Each unit represents one petahash per second of hashrate over a 36-month term, allowing participants to benefit economically from mining output. Ownership is recorded in book-entry form and replicated on the blockchain using the ERC3643 standard, an Ethereum-based protocol for tokenizing real-world assets. This setup enables onchain transfers among approved investors within a regulated framework, enhancing liquidity compared to traditional notes.

Omnes manages the underlying mining infrastructure, handling hardware, energy procurement, facilities, and compliance requirements. Investors...