Circle Acquires Hashnote Integrating tokenized Assets With Stablecoins
Recently, Circle announced the acquisition of Hashnote, a leading issuer of tokenized real-world assets. Hashnote is the creator of USYC, a tokenized money market fund with over $1.3 billion in assets. The acquisition was completed during the World Economic Forum in Davos, Switzerland. The move puts Circle at the forefront of integrating tokenized assets with its widely used stablecoin USDC. This integration will enable USYC to serve as revenue collateral for digital asset exchanges, prime brokers, and custodians. In addition, Circle plans to deploy USDC on the Canton Network to enable 24/7 liquidity and secure transactions.
