Circle Acquires Hashnote for RWA Tokenization Growth
Circle acquires Hashnote to enhance RWA tokenization and strengthen USDC in the blockchain and traditional finance sectors
Highlights:
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Circle acquires Hashnote to enhance USDC and RWA tokenization integration.
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The acquisition strengthens liquidity and positions USYC as preferred collateral in crypto markets.
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RWA tokenization market is set to surpass $600 billion by 2030, fueling Circle’s growth.

Circle has just acquired Hashnote. This acquisition brings Hashnote’s US Yield Coin and tokenized money market fund under Circle’s umbrella. The partnership will enhance Circle’s USDC stablecoin, creating a bridge between blockchain and traditional finance.
Boosting the Tokenized RWA Ecosystem
Hashnote, a Chicago-based company, has earned a solid reputation with its US Yield Coin. The product, valued at $1.3 billion, is the largest tokenized U.S. Treasury asset on the market. Hashnote is backed by DRW Holdings and Cumberland, two leaders in crypto liquidity.
With the acquisition, Circle plans to integrate USYC with USDC, offering a simple way to convert between cash and yield-bearing assets on the blockchain. Jeremy Allaire, Circle’s co-founder, called the acquisition a “huge step.”
He believes this move improves transparency and efficiency, two key aspects of traditional finance and blockchain integration. While the financial terms are not disclosed, this partnership strengthens Circle’s position in the stablecoin market.
RWA Tokenization’s Bright Future
Tokenized real-world assets (RWAs) are becoming increasingly popular. These assets, such as treasury bills and money market funds, generate yield while acting as collateral.
According to Boston Consulting Group, Aptos Labs, and Invesco, the RWA tokenization market could reach $600 billion by 2030. Circle is positioning itself at the forefront of this growth.
As competition heats up, Circle’s recent moves put the company in a strong position to lead the charge. With plans to deploy USDC on the Canton Network, Circle ensures liquidity between decentralized and traditional financial markets.
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