Circle Acquires Hashnote to Expand Tokenized Asset Integration
- Circle has acquired Hashnote, the issuer of the $1.3 billion USYC tokenized money market fund.
- The acquisition was completed during the World Economic Forum in Davos, Switzerland.
- This move aims to integrate tokenized assets with Circle’s USDC stablecoin.
- USYC will be used as collateral across digital asset exchanges and custodians.
- Circle plans to deploy USDC on the Canton Network for real-world asset transactions.
Circle’s acquisition of Hashnote positions it at the forefront of integrating tokenized assets with its USDC stablecoin, enhancing liquidity and transaction efficiency across financial platforms.
Source (2.6)https://coingape.com/circle-boosts-usdc-adoption-with-hashnote-buy-and-tokenized-fund-integration/?rand=24432
