President @CoinbaseAM, ex @Coinbase, ex @Blackrock

Joined March 2011
256 Photos and videos
The fact that I can sit outside my backyard and show my kids @elonmusk rockets in Low Earth Orbit, moving across like shooting stars, while they sit in awe - means heโ€™s genuinely going to do this.

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This is clearing hurdle for tokenizing stocks to take off in the US - important to keep watch.
the SEC just proposed rescinding Rule 611 of Reg NMS, the trade-through rule that has defined US equity market structure since 2005 this is a tradfi story, yes, but this is also one of the biggest unlocks yet for tokenized stocks ๐Ÿ‘‡
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Thanks to @proofoftalk for having @CoinbaseAM there to lead
Replying to @proofoftalk
6/ Where Stablecoins Meet Credit: Rewiring Finance Through Tokenisation. Anthony Bassili @SmartestBeta ( @CoinbaseAM), Chris Cox ( @Citi), Francesco Filia @francescofilia ( @FasanaraDigital), and Maha Al-Saadi (independent). Moderated by @DelRayMan. The room where TradFi and crypto-native perspectives met on tokenised credit.
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Capitulation in full swing. Could go lower and test peoples resolve. Itโ€™s perfect timing when thereโ€™s trillions of exit liquidity coming from SpaceX. Everyone wishes they bought lower but will do it?
LATEST: More than half of all $BTC in circulation is now held at an unrealized loss, a signal that has coincided with every major bear market bottom in history.
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See you all Paris for @proofoftalk ! Glad to take the stage alongside @HadickM @StaniKulechov @maja0G @adam3us @CarolineDPham @diogomonica @XenBH @PaulFrambot and so many other great builders and leaders across this wonderful, world changing industry.
Anthony Bassili @SmartestBeta, President of Coinbase Asset Management, takes the Proof of Talk stage this June. @CoinbaseAM is the institutional bridge between traditional allocators and digital assets. Anthony is the person those allocators trust to walk them across. After over a decade at @BlackRock building for the world's largest institutional allocators, including leading the iShares pensions business. Now running asset management at the largest crypto exchange in the United States. At BlackRock, he spent over a decade in business development, investment strategy, and multi-asset portfolio management before leading the iShares pensions business. He knows how these institutions think, because he built for them. He brought that playbook to Coinbase, first leading Institutional Americas, now as President of Coinbase Asset Management. A CAIA charterholder and contributor to digital asset education with AIF Institute, the Global Interdependence Center, and CAIA, he's also an active early-stage investor and Web3 startup advisor. On June 2โ€“3 at the Louvre Palace, Anthony shares what he's learning as the person bringing traditional institutional capital into crypto through one of the most trusted platforms in the industry. See you there. tickets.proofoftalk.io/passeโ€ฆ
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Anthony Bassili ๐Ÿ‡บ๐Ÿ‡ธ retweeted
Big day for our US-based traders, and for Coinbase. Until now, US users have been locked out of ~80% of global crypto markets (perpetual futures and options). But not anymore! Coinbase is the first and only regulated platform able to connect US users to global crypto options and perpetual futures (including Deribit options with >$31B in OI). Thanks to Chairman Selig and @CFTC for making this possible.
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Onshoring perps is a big step. Great to see this progress. USA!
In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment. This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.
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Anthony Bassili ๐Ÿ‡บ๐Ÿ‡ธ retweeted
Everyone talks about IPO day. Weโ€™re going deeper. Who gets in early? Who pulls the levers? Who wins before trading even begins? What really happens before and after the bell? Presenting The Pop: a Superstate podcast exploring Americaโ€™s IPO machine. youtube.com/watch?v=1jo_fvClโ€ฆ

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Leverage is powerful tool. Use it wisely. We do. @coinbase Institutional makes it seamless across the Prime platform. Onchain Looping is leverage and exists because cross collateralization in DeFi is quite challenging. Whoโ€™s building cross collateralization onchain? x.com/therollupco/status/205โ€ฆ

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CUSHY Digital Credit fund is reshaping upstream origination so that it works with protocols downstream.

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Asset Management is the next disruption
Anthony Bassili on what it actually means that Coinbase now runs a fiduciary asset management business: "Coinbase evolved from an exchange to institutional custody to Base to the retail wallet. Asset management was the next layer, acquired in 2023. Over a billion in AUM. US and Cayman regulated." "Our job: manage money for clients. Fiduciary professional guidance and oversight over their crypto. Tax harvesting, volatility management, directly in their accounts." "And we launch funds, actively managed, designed to give people managed exposure. That's the difference between a platform that holds your crypto and one that manages it. Coinbase is now both."
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Proof of work. Room full of investors excited about Clarity Act.
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Anthony Bassili ๐Ÿ‡บ๐Ÿ‡ธ retweeted
Yield is moving onchain. Distribution is going global. AI will sit on top of it all. โ€” @SmartestBeta, President of @CoinbaseAM
Episode 234: Getting Institutions Off Zero with Anthony Bassili of Coinbase Asset Management @alextapscott @SmartestBeta @CoinbaseAM @coinbase @CMCC_Global 0:00 Introduction 3:07 Anthony Bassiliโ€™s journey from BlackRock to Coinbase 6:20 What institutions actually want from crypto (and what they donโ€™t) 10:05 Bitcoin as a macro asset and portfolio cornerstone 16:40 Beyond Bitcoin: indices, diversification, and crypto exposure 22:00 Tokenization as the next evolution of asset management 24:10 CUSHY: bringing real-world credit onchain 31:30 Stablecoins, yield, and global demand for dollar exposure 36:00 AI, tokenized funds, and the future of investing 39:05 Closing thoughts
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Anthony Bassili ๐Ÿ‡บ๐Ÿ‡ธ retweeted
The convergence is accelerating. In one product: a public company's asset management arm, a crypto native protocol founder's infrastructure, a 130 year old fund administrator, and three blockchains. This is what the next 5 years of finance looks like. Follow @fiftyonexyz for institutional digital asset intelligence.
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Anthony Bassili ๐Ÿ‡บ๐Ÿ‡ธ retweeted
The S&P 500 dividend yield just hit an all-time low of 1.08%, going back to the 1800s. The prior low was 1.1% in 2000. There are now "dividend" mutual funds with negative yields (their expense ratios are higher than their dividend yields). Stock buybacks have exceeded dividends since the late 1990s. And yet, nearly all stock funds still focus solely on dividends, which is crazy. (And it's not just about the buybacks, but also the share issuance!) Buffett's been talking about this more than anyone for decades... We wrote a book on the topic 13 years ago, and the 2nd edition is free online. As you tune into the Berkshire meeting, and gasp at the $400 billion in cash on their balance sheet, understand why they consistently choose buybacks over dividends... mebfaber.com/books/ Chart: Multpl
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Thanks @defidecodedpod for having me on! Good weekend fodder for thought.
New @defidecodedpod is out! I sit down with Anthony Bassili, President of Coinbase Asset Management. We discuss: The role of crypto in a portfolio Bridging Wall Street to Web3 Getting investors 'off zero' Their new $CUSHY yield product and more! @CoinbaseAM @SmartestBeta
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Few understand how disruptive this technology is to global finance
"Rail #1: USDC on Base: 2 seconds, $0.01 fee"
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Anthony Bassili ๐Ÿ‡บ๐Ÿ‡ธ retweeted
โšก๏ธNEW: COINBASE TO OFFER STABLECOIN CREDIT FUND Coinbase Asset Management is launching a stablecoin credit fund targeting institutional investors. The Coinbase Stablecoin Credit Strategy (CUSHY) fund aims to generate yield from lending activity tied to digital assets and will offer on-chain access through a tokenized share class.
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Credit. Stablecoins. Tokenization. Agents. Payments. X402. Vaults. Defi. Structural Alpha. Put it all together. Today, @CoinbaseAM Management is proud to introduce a new credit strategy, CUSHY, the Coinbase Stablecoin Credit Fund. Designed to bridge the gap between traditional credit markets and the growing digital asset ecosystem. The fund enables qualified investors to earn yield premiums from this digital credit transition. Tokenized by @SuperstateInc across @solana , @base, and @ethereum networks, and administered by @NorthernTrust .. CUSHY will be embedded into onchain financial infrastructure allowing collateralization, share transfer, and embedded yield across protocols. The future is here. theblock.co/post/399652/coinโ€ฆ
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