Summary

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Hashnote issues US Yield Coin (USYC), a tokenized money market fund with a total value locked (TVL) of around $1.25 billion

Circle acquired Hashnote’s tokenized money market fund to expand the adoption of tokenized yield-bearing collateral by integrating USYC with USDC, ensuring seamless access and convertibility

Circle, the issuer of the USDC stablecoin, acquired Hashnote, a tokenized real-world asset (RWA) fund issuer

Circle aims to position Hashnote’s US Yield Coin (USYC) as a preferred yield-bearing collateral on crypto exchanges, with custodians, and among prime brokers

Tokenized real-world assets (RWAs) are digital tokens representing claims on real-world assets like US Treasury bonds and artworks, offering a $30-trillion global market opportunityv

Circle, a stablecoin issuer, manages USD Coin (USDC), which has a market capitalization of approximately $48 billion

The purpose of tokenized real-world assets (RWAs) is to enhance accessibility to real-world assets, ensure transparency, and enable 24/7 settlements

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