Omnes and Apex Group have announced plans to issue a tokenized secured debt note backed by Bitcoin hashrate on the Base blockchain, Coinbase’s Ethereum layer-2 network. The product, called the Omnes Mining Note (OMN), is described as an institutional-grade structured note. The two companies say it will be both issued and managed on the Base network.
According to the announcement, the OMN is designed to give professional investors outside the United States economic exposure linked to Bitcoin mining production, using hashrate as its underlying metric. Bitcoin hashrate refers to the total computational power used to secure the network and produce new coins. Apex says the note removes the operational burden of managing mining hardware, energy procurement, and physical facilities from investors.
Omnes CEO Emmanuel Montero described the OMN as a way to convert Bitcoin mining output into a structured financial instrument backed by large-scale mining operations. He emphasized that Bitcoin mining is economically distinct from other crypto yield strategies. “Bitcoin mining is the only mechanism that creates new Bitcoin through protocol issuance. This is economically distinct from yield strategies that rely on redistributing existing Bitcoin,” Montero said.
Structured as a secured debt note, the product applies a traditional financial framework while incorporating blockchain-based features, including the ability to transfer the note onchain between approved investors. The launch introduces a new category of crypto-linked security to the tokenization market by packaging mining output into a regulated investment product. It effectively allows investors to gain exposure to Bitcoin mining activity without operating any mining infrastructure themselves.
However, certain details about the product remain unclear. Specifics on how hashrate translates into investor returns, as well as the note’s liquidity and risk profile, were not fully disclosed in the announcement. Cointelegraph contacted both Omnes and Apex Group for additional information but had not received a response by the time of publication.
The announcement arrives amid a broader surge in tokenized real-world assets (RWAs) in 2026. Data from DefiLlama showed that as of March 11, the value of tokenized RWAs on public blockchains reached approximately $23.6 billion, representing a 66% increase year-to-date. At the time of writing, the onchain market capitalization for tokenized RWAs stood at around $23 billion, according to the same source.
Originally reported by CoinTelegraph.
