Hashnote retweeted
Big congratulations to @LeoMizuhara and Hashnote for becoming part of @circle ! Proud to have delivered the integration of always-on reserve verification for $USYC. We’re excited to continue building with the Circle team and $USDC ecosystem, driving the future of tokenized institutional assets.
Circle announced today the acquisition of Hashnote and USYC Tokenized Money Market Fund.
This strategic move, alongside a partnership with global trading firm DRW via @CumberlandSays and news that we’re bringing native USDC to the @CantonNetwork, is set to redefine the landscape of digital asset capital markets.
circle.com/pressroom/circle-…
The US Yield Coin (USYC), the world’s largest Tokenized Money Market Fund (TMMF) with $1.52B deployed into USYC as of January 15, 2025, will now play a pivotal role as collateral in digital asset markets.
The partnership with DRW, a major player in traditional and crypto markets via its affiliate Cumberland, is a huge unlock for supporting USDC and USYC and elevating institutional adoption and operational efficiencies in digital finance.
Planned native USDC support on the Canton Network will enable private transactions and seamless integration of USDC and USYC in traditional finance (TradFi) markets, signifying a major shift towards enhancing liquidity and accessibility in the digital economy.
With USYC as a key collateral product, institutional players can expect smoother operations and innovative financial solutions.
We're thrilled to embark on this journey with the team from Hashnote, DRW and Cumberland, and the Canton Network to reshape the future of finance!
Hashnote retweeted
Circle Acquires Hashnote and US Becomes Crypto Capital of the World - Security Token Show: Episode 269 xitter.cf/i/broadcasts/1OwxWNXRe…
Hashnote retweeted
EXCLUSIVE: Interview with @LeoMizuhara on the @circle acquisition of @Hashnote_Labs, coming up in this afternoon's episode of @TheSTOShow!
"I think the adoption from traditional institutions is going to be enormous as regulatory clarity opens up and I think Circle is really in a full position to take advantage of the changes" - Leo Mizuhara
Hashnote retweeted
📢Two years ago, we started @Hashnote_Labs with a simple, first-principles question: How can we build something that traditional finance players will actually use?
Fast forward, and we’ve created the world’s largest Tokenized Money Market Fund, $USYC, adopted by many institutions as yield-bearing collateral.
Today, I’m excited to share that Hashnote is now part of @circle .
I want to thank our customers, partners, investors, and the incredible teams at Hashnote, Circle, @DRWTrading , @CumberlandSays, and @CumberlandLabs for believing in this shared vision.
None of this would have been possible without the incredible people who supported and believed in us along the way.
I couldn’t be more excited for what lies ahead.🚀
*Disclaimer: Information about Hashnote’s advisory services and USYC is directed only to individuals and entities who are not US Persons, as defined in Regulation S under the Securities Act of 1933
Hashnote retweeted
We’re thrilled to announce that Hashnote (@Hashnote_Labs)—a company born from a conversation between Leo Mizuhara and Don Wilson, backed by Cumberland Labs in 2022, and surpassing $1.5B in AUM by the end of 2024—is being acquired by @Circle. 🎉
This acquisition aligns with Hashnote’s mission to deliver seamless, institutional-grade financial solutions that bridge TradFi and blockchain. Integrating their market-leading USYC with USDC paves the way for unparalleled liquidity, accessibility, and efficiency in institutional markets.
In partnership with Cumberland (@CumberlandSays), USYC is poised to become a marquee collateral product for trading operations.
At Cumberland Labs, we’re absolutely delighted for Leo and the Hashnote team, and we can’t wait to see what comes next.
circle.com/pressroom/circle-…
Hashnote retweeted
Circle announced today the acquisition of Hashnote and USYC Tokenized Money Market Fund.
This strategic move, alongside a partnership with global trading firm DRW via @CumberlandSays and news that we’re bringing native USDC to the @CantonNetwork, is set to redefine the landscape of digital asset capital markets.
circle.com/pressroom/circle-…
The US Yield Coin (USYC), the world’s largest Tokenized Money Market Fund (TMMF) with $1.52B deployed into USYC as of January 15, 2025, will now play a pivotal role as collateral in digital asset markets.
The partnership with DRW, a major player in traditional and crypto markets via its affiliate Cumberland, is a huge unlock for supporting USDC and USYC and elevating institutional adoption and operational efficiencies in digital finance.
Planned native USDC support on the Canton Network will enable private transactions and seamless integration of USDC and USYC in traditional finance (TradFi) markets, signifying a major shift towards enhancing liquidity and accessibility in the digital economy.
With USYC as a key collateral product, institutional players can expect smoother operations and innovative financial solutions.
We're thrilled to embark on this journey with the team from Hashnote, DRW and Cumberland, and the Canton Network to reshape the future of finance!
Hashnote retweeted
BREAKING NEWS: 3 big announcements from @circle.
1) We have acquired Hashnote, issuer of the world’s largest Tokenized Money Market Fund (USYC);
2) we have entered into a strategic partnership with global trading firm DRW to drive USDC and USDY in crypto and TradFi markets; and
3) we have announced our plans to launch USDC, alongside USYC, on the Canton blockchain network.
circle.com/pressroom/circle-…
Let me break all of this down.
First, we are thrilled to bring the Hashnote team and family into Circle. As one of the leading pioneers of tokenization (USDC is arguably the largest form of regulated tokenized cash in the world), we have seen a rapid shift towards tokenized treasury assets through TMMFs. There is an enormous and immediate opportunity to bring yield-bearing collateral into crypto market structures, and through seamless integration with USDC, enable market participants to convert between USDC and USYC on a 24/7/365 basis. Hashnote has been a pioneer and is the largest issuer of TMMFs in the world today.
As more and more institutions get involved in the digital asset market, we are taking what are common practices in traditional finance and importing those onchain, but with the incredible super powers of global, real-time settlement, programmability and composability. Indeed, one of the holy grails of capital markets is the ability to move between cash and collateral instantly. We are unlocking this with a focus on the well established crypto capital markets.
With DRW, we are expanding on an already strong and nearly 10 year working relationship with DRW subsidiary Cumberland. Don Wilson is a true visionary in markets, and Cumberland continues to be one of the largest and most important global trading firms in crypto. Through this expanded partnership, Cumberland will expand its liquidity and settlement services for USDC and USYC, driving broader institutional adoption in crypto. Additionally, we will work together to bring these onchain innovations into traditional financial markets, where tokenized cash and collateral can unlock enormous value for every financial market participant.
And on this note, Circle is also announcing its planned deployment of native USDC on Canton, the leading public blockchain for fully private and secure financial applications. With over $3.6 trillion in RWA issued and over $1.5 trillion repo/month, Canton is already used and supported by major traditional banks, trading firms, asset managers and exchanges. With USYC already supported on Canton, offering native USDC integration will enable a seamless and 24/7/365 convertibility between collateral and cash for use in TradFi markets onchain.
TLDR – Circle is leading the way in bringing the most important building blocks of money onchain, fostering a more scalable model of global institutional adoption of crypto infrastructure, while also paving the way for onchain money to become the core of traditional financial markets.
Stay tuned for a lot more on all of these fronts!
Jeremy
Hashnote retweeted
Tokenized treasury growth in 2024 was driven by five major issuers:
1) Hashnote (@Hashnote_Labs): USYC
2) BlackRock (@BlackRock): BUIDL
3) Ondo (@OndoFinance): USDY + OUSG
4) Franklin Templeton (@FTI_US): FOBXX
5) Superstate (@superstatefunds): USTB
Hashnote retweeted
1) Hashnote (@Hashnote_Labs): $USYC +$1.6B YoY
Hashnote was founded by Leo Mizuhara, who served as Managing Director of Corporate Investments at Bank of America before leading FICC Options Trading at DRW.
USYC dominated the market in 2024, scaling from $0B to $1.6B. The product, which tokenizes Hashnote's International Short Duration Yield Fund (iSDYF), operates through a Delaware-based management company with Cayman Islands domicile and uses Marex as prime broker for overnight reverse-repurchase agreements.
USYC's explosive growth was driven by its integration with Usual Protocol's USD0 stablecoin, which adopted USYC as its primary collateral. This partnership demonstrated how tokenized treasuries could become foundational infrastructure for stablecoin assets.
Hashnote retweeted
Offsite links:
YouTube: youtu.be/ZM0X80W0pa0
Spotify: open.spotify.com/episode/2VN…
Hashnote retweeted
Great first episode to start 2025 🚀
Great to catch up with @LStrijers and @LeoMizuhara
Exciting stuff from @Hashnote_Labs bringing yield bearing collateral to Deribit and the wider ecosystem 🔥🔥
…and of course great to get back in the studio with @options_insight to discuss all things macro and crypto vol
Check it out 👇
🎙️ Another year, another opportunity to decode crypto markets.
Kick off 2025 with fresh insights into the crypto options market as Imran and David are joined by @LStrijers, CEO @DeribitExchange and @LeoMizuhara, Founder & CEO @Hashnote_Labs.
Together, they discuss the growing demand for yield-earning collateral, Deribit’s partnership with Hashnote to attract TradFi liquidity, and the bullish long-term outlook.
David covers his macro outlook, while Imran dives into this week’s trends in crypto options and flows.
📺 YouTube: youtu.be/sobMv3AtBSA
🎧 Spotify: open.spotify.com/episode/6nw…
🍏 Apple: podcasts.apple.com/nl/podcas…
Tune in now! 🚀
Hashnote retweeted
Amazing podcast from CopperCasts featuring Leo Mizuhara, Founder and CEO of @Hashnote_Labs, and Fadi Aboualfa, @CopperHQ's Head of Research!
They discuss topics ranging from how investors choose collateral among numerous market options, to a custodian's evolving role in the ecosystem, and whether Bitcoin can transcend its risk asset label. They also include a special shoutout to Canton!
Spotify: open.spotify.com/episode/1B6…
Apple: podcasts.apple.com/gb/podcas…
Hashnote retweeted
Replying to @DeribitOfficial
@DeribitExchange was the first exchange to introduce stable, yield-bearing collateral — @Hashnote_Labs 's USYC — as part of their cross-margin engine, allowing customers to generate daily yield while trading digital assets.
Tune in to the first episode of Crypto Options Unplugged in 2025 👇
🎙️ Another year, another opportunity to decode crypto markets.
Kick off 2025 with fresh insights into the crypto options market as Imran and David are joined by @LStrijers, CEO @DeribitExchange and @LeoMizuhara, Founder & CEO @Hashnote_Labs.
Together, they discuss the growing demand for yield-earning collateral, Deribit’s partnership with Hashnote to attract TradFi liquidity, and the bullish long-term outlook.
David covers his macro outlook, while Imran dives into this week’s trends in crypto options and flows.
📺 YouTube: youtu.be/sobMv3AtBSA
🎧 Spotify: open.spotify.com/episode/6nw…
🍏 Apple: podcasts.apple.com/nl/podcas…
Tune in now! 🚀
Hashnote retweeted
Special guests this week were @LStrijers CEO of @DeribitExchange and @LeoMizuhara Founder of @Hashnote_Labs
Hashnote retweeted
🎙️ Another year, another opportunity to decode crypto markets.
Kick off 2025 with fresh insights into the crypto options market as Imran and David are joined by @LStrijers, CEO @DeribitExchange and @LeoMizuhara, Founder & CEO @Hashnote_Labs.
Together, they discuss the growing demand for yield-earning collateral, Deribit’s partnership with Hashnote to attract TradFi liquidity, and the bullish long-term outlook.
David covers his macro outlook, while Imran dives into this week’s trends in crypto options and flows.
📺 YouTube: youtu.be/sobMv3AtBSA
🎧 Spotify: open.spotify.com/episode/6nw…
🍏 Apple: podcasts.apple.com/nl/podcas…
Tune in now! 🚀
Hashnote retweeted
🔗 Institutional Expansion
- @CumberlandSays onboarded as our global OTC & Market Maker.
-@Hashnote_Labs plans to mint iBTC through LPs.
- @Mysten_Labs joined our seed round, aiming to deliver $10B in TVL in BTC derivatives & yield product on sui
- @vaneck_us is onboarding iBTC for trading on @avax &@SuiNetwork
Hashnote retweeted
“...The @CoinDesk 20 Index, which tracks the performance of the top 20 most liquid digital assets, also reached new all-time highs this month. Led by major assets like Bitcoin, Ethereum, and XRP, the index’s record performance highlights the strength of the broader market and the increasing investor confidence in this asset class," says @LeboBTC, Managing Director and Head of Private Wealth at @Hashnote_Labs.
Listen to the full market commentary: coindesk.com/podcasts/market…
Hashnote retweeted
🎧Join @LeoMizuhara, Founder and CEO @Hashnote_Labs, in conversation with host @fadiaboualfa (Head of Research at Copper) on 'Tokenized collateral management considerations' in this episode of #CopperCasts.
They discuss topics ranging from how investors decide on what collateral to use with so many options on the market, what a custodian's role is in this evolving ecosystem, and whether bitcoin can transcend its risk asset label.
🔊Tune into the conversation: bit.ly/3ZL1x1Z
Subscribe for more:
▶️Spotify: spoti.fi/3ZLxZRU
▶️Apple Podcasts: apple.co/4f9e18a
Hashnote retweeted
It’s been another monumental week for Core! 🔶
• Coretoshi NFT campaign launched 🎨
• @Hashnote_Labs adopts Core's Dual Staking 💼
• @g8_keep secure launch platform goes live 🚀
Catch all the updates in the latest "Unlocking BTCfi" blog 🔗👇
coredao.org/explore/blog/unl…
Hashnote retweeted
数字资产管理公司💸 @Hashnote_Labs 与Core核心公链 携手革新机构级比特币质押 💸
全球资产管理公司 Hashnote 与去中心化区块链 Core 达成合作,通过引入Core的比特币质押和双重质押功能,Hashnote为机构客户提供了安全且可持续的收益方案。
☄️这一合作将比特币从静态价值储存转变为具有创收能力的资产






























