Core Insights - Coinbase Asset Management (CBAM) is partnering with Apollo to launch stablecoin credit strategies, aiming to unlock high-quality credit opportunities in the stablecoin ecosystem [1][2] - The collaboration combines CBAM's digital asset management expertise with Apollo's credit management and origination capabilities [2] - Apollo, a high-growth alternative asset manager, manages approximately $840 billion in assets under management (AuM) as of June 30, 2025 [2] Group 1: Partnership Details - CBAM has selected Apollo as its Strategic Credit Partner, leveraging Apollo's private-credit franchise and expertise in asset tokenization [2] - The partnership aims to bring high-potential credit investment products to market within the next year [1] Group 2: Investment Strategies - The investment strategies include over-collateralized asset lending, corporate direct lending, and tokenized credit holdings [3] - Over-collateralized asset lending involves loans against digital collateral, while corporate direct lending targets both traditional and digitally native borrowers [3] - Tokenized credit holdings will provide exposure to Apollo-managed credit strategies, utilizing Coinbase Tokenization for novel digital investment strategies [3] Group 3: Compliance and Transparency - The strategies will prioritize GENIUS-compliant opportunities, ensuring transparency through monthly audits and 1:1 reserves [3]