TLDR Crypto · MARKETS & BUSINESS

CIRCLE ENTERS TOKENIZATION RACE BY ACQUIRING HASHNOTE, $1.3B REAL-WORLD ASSET ISSUER

coindesk.com3 min read

Summary from the TLDR Crypto newsletter

Circle, the issuer of the $48 billion USDC stablecoin, has acquired Hashnote, which manages a $1.3 billion pool of tokenized Treasury assets through its USYC token. Circle simultaneously announced a partnership with Cumberland DRW for USDC and USYC liquidity provision and plans to integrate with the Canton Network for institutional access.