Omnes and Apex Group will launch a tokenized debt note tied to Bitcoin mining on Base, Coinbase’s Ethereum layer‑2 network. The Omnes Mining Note (OMN) packages Bitcoin hashrate exposure into an onchain financial instrument aimed at approved investors outside the United States and will be issued and managed on Base.
The OMN is structured as a secured debt note backed by Bitcoin hashrate and is designed to give investors exposure to new Bitcoin production without operating mining equipment or managing mining sites. Apex says the note provides institutional investors “direct economic exposure to new Bitcoin production measured in hashrate,” removing the need to handle hardware, power sourcing, and facility management.
Hashrate, the computing power used to secure the Bitcoin network and mine new coins, is the core reference point for the product. The OMN pairs a familiar debt note structure with blockchain transfer features: approved investors will be able to transfer the note onchain within a regulated framework. Omnes CEO Emmanuel Montero said, “Bitcoin mining is the only mechanism that creates new Bitcoin through protocol issuance.” He contrasted the model with yield strategies that depend on existing Bitcoin already in circulation.
Some details remain limited in the announcement. The firms did not fully explain how hashrate performance will convert into investor returns, nor have they disclosed full liquidity terms or the note’s risk profile—factors important for assessing performance under changing mining and market conditions.
The launch arrives as tokenized real‑world assets (RWAs) continue expanding. DefiLlama data on March 11 showed tokenized RWAs on public blockchains reached about $23.6 billion, up roughly 66% since the start of the year, with the onchain market cap near $23 billion at reporting. The OMN introduces a new RWA category by linking a structured note to Bitcoin mining output.