Tokenized Fund Revolution Circle Leads Boom

Circle Acquires World’s Largest Tokenized Money Market Fund

• Circle acquired Hashnote, issuer of the USYC tokenized money market fund.
• USYC is backed by U.S. Treasury debt and reverse repurchase agreements.
• The fund has a total asset value exceeding $1.25 billion.
• Circle partnered with DRW’s Cumberland to enhance USDC and USYC liquidity.
• The tokenization sector’s value rose by 36.9% in a year to $7.89 billion.

Circle’s acquisition of Hashnote places it at the forefront of real-world asset tokenization, with USYC valued at over $1.25 billion. The partnership with Cumberland aims to boost liquidity for both USDC and USYC in crypto and traditional markets.