hashnote

ChainCatcher news, according to The Block, stablecoin issuer Circle's IPO filing disclosed that it acquired the tokenized startup Hashnote for $9.9 million in cash and approximately 2.9 million shares of fully vested common stock (totaling about $99.8 million) in January 2025.It is reported that Hashnote, which was launched with a $5 million investment from Cumberland Labs, is the issuer of the U.S. Yield Coin (USYC), and since the acquisition, its market share in tokenized U.S. Treasury products has declined.Previously, Circle planned to issue 24 million Class A common shares (priced at $24-26 per share) through the IPO, raising approximately $600 million, while denying acquisition rumors from Coinbase and Ripple.

ChainCatcher news, USDC stablecoin issuer Circle plans to bring its recently acquired Hashnote tokenized money market fund under Bermuda's regulatory framework and incorporate it into Circle's existing Digital Asset Business Act (DABA) license.According to data from rwa.xyz, Hashnote has issued one of the largest tokenized money market funds, USYC, managing nearly $1 billion in assets.

ChainCatcher news, according to CoinDesk, Circle has acquired the tokenized money market fund USYC issuer Hashnote, with a total market capitalization of USDY reaching 1.3 billion dollars.Circle also announced an agreement with Cumberland, a cryptocurrency trading company and market maker under DRW, to provide liquidity and facilitate settlement for USDC and USYC. This collaboration aims to expand the use of USYC as collateral for exchanges and custody platforms.

ChainCatcher message, in the past three years, the valuation in the RWA sector has increased 58 times. DeFiLlama data shows that its TVL currently reaches a historical high of $8.217 billion, having increased by $1 billion in just the past seven days.Among them, in the past week, Hashnote's TVL grew by 65.58% to $1.497 billion, while Usual's TVL grew by 65.65% to $1.445 billion.In the past 30 days, Usual's TVL increased by 230%, while Hashnote's TVL increased by 217%, together contributing over 35% of the TVL in the RWA sector.

ChainCatcher news, according to CoinDesk, the U.S.-regulated cryptocurrency custody company Anchorage Digital announced a partnership with Hashnote to establish Hashnote Harbor, which will offer return products through a set of derivatives strategies. Hashnote is a digital asset management company established with the support of trading giants Cumberland and DRW.It is reported that both companies have robust qualifications from U.S. regulatory agencies: Anchorage holds a federal banking license issued by the Office of the Comptroller of the Currency (OCC) and is a crypto bank; Hashnote is registered with the Commodity Futures Trading Commission (CFTC) as a Commodity Pool Operator (CPO).

ChainCatcher news, according to The Block, digital asset management company Hashnote announced a partnership with Paxos that will allow for instant conversion between Hashnote's U.S. Treasury token USYC and PayPal stablecoin PYUSD, aimed at improving the settlement of the USYC token.Hashnote stated that USYC is only open to investors outside the United States and is subject to qualification restrictions and a minimum investment amount of $100,000, but the company noted that U.S. investors "can invest in USYC through the Hashnote Feeder Fund."

ChainCatcher news, the decentralized asset management platform Hashnote has received $5 million in investment support from the Web3 incubator Cumberland Labs. Headquartered in Chicago, Cumberland will become the first market maker on Hashnote.It is reported that Cumberland Labs is an independent entity based in Singapore, not a subsidiary of Cumberland, but works closely with companies like DRW. (source link)