{"id":17602,"date":"2025-03-13T14:02:47","date_gmt":"2025-03-13T14:02:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17602"},"modified":"2025-03-13T14:02:47","modified_gmt":"2025-03-13T14:02:47","slug":"circle-plans-to-bring-1b-tokenized-treasury-issuer-hashnote-under-bermuda-license","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17602","title":{"rendered":"Circle Plans to Bring $1B Tokenized Treasury Issuer Hashnote Under Bermuda License"},"content":{"rendered":"<div>\n<p>Circle Internet Group, Inc., the company behind the $58 billion USDC stablecoin, said on Thursday it plans to bring its <a href=\"https:\/\/www.coindesk.com\/business\/2025\/01\/21\/circle-enters-tokenization-race-by-acquiring-hashnote-usd1-3b-real-world-asset-issuer\" target=\"_blank\">recently acquired<\/a> Hashnote Tokenized Money Market Fund (TMMF) under Bermuda\u2019s regulatory oversight. The fund, which manages nearly $1 billion assets, will be incorporated into Circle\u2019s existing Digital Assets Business Act (DABA) license, the company said in a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250313398713\/en\/\" target=\"_blank\">press release<\/a>.<\/p>\n<p>Hashnote issues USYC, the largest tokenized money market fund, according to rwa.xyz data. By integrating USYC with USDC, Circle aims to allow seamless movement between a yield-bearing asset and one of the most widely used stablecoins and boost USYC as a collateral option on exchanges, custodians and prime brokers.<\/p>\n<p>Circle CEO Jeremy Allaire emphasized Bermuda\u2019s role in digital asset regulation, calling it a \u201cnatural choice\u201d for USYC operations. The Bermuda Monetary Authority (BMA) first granted Circle a comprehensive license in 2021, and the firm has since maintained a presence in the jurisdiction.<\/p>\n<p>&#8220;Digital financial products like USYC and USDC are strengthening Bermuda\u2019s digital connectivity and our leadership in international business markets,&#8221;<br \/>\nPremier of Bermuda David Burt said in a statement.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Circle Internet Group, Inc., the company behind the $58 billion USDC stablecoin, said on Thursday it plans to bring its recently acquired Hashnote Tokenized Money Market Fund (TMMF) under Bermuda\u2019s regulatory oversight. The fund, which manages nearly $1 billion assets, will be incorporated into Circle\u2019s existing Digital Assets Business Act (DABA) license, the company said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17602","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17602"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17602\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}