Circle acquires Hashnote, a $1.3B tokenized RWA firm, to integrate USYC with USDC
Acquiring Company
Circle
Acquired Company
Hashnote
Description
Circle, the issuer of the $48 billion USDC stablecoin, has completed the acquisition of Hashnote, a leading tokenized real-world asset (RWA) issuer. This acquisition aims to integrate USYC with USDC, enabling convertibility between cash and yield-bearing collateral on blockchains, reinforcing Circle's position in the market.
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Frequently asked
Who acquired Hashnote?
Hashnote was acquired by Circle, based in Boston. The deal was reported on January 21, 2025. Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is privately held and operates in Other.
When did Circle acquire Hashnote?
Circle's acquisition of Hashnote was reported on January 21, 2025. Circle, the issuer of the $48 billion USDC stablecoin, has completed the acquisition of Hashnote, a leading tokenized real-world asset (RWA) issuer. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hashnote do?
Hashnote, the issuer of USYC incubated by Cumberland Labs, is recognized as the largest tokenized treasury and money market fund in the world with $1.52B deployed into USYC as of January 15, 2025. It is privately held, operating in Financial Services, and is based in Miami.
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