Circle Integrates Hashnote Under Bermuda's Regulatory Framework

Coin WorldThursday, Mar 13, 2025 6:43 pm ET
1min read

Circle, the issuer of the USDC stablecoin, has announced its intention to integrate the recently acquired Hashnote Tokenized Money Market Fund (TMMF) under Bermuda's regulatory framework. This strategic move is in line with Circle's existing Digital Assets Business Act (DABA) license with the Bermuda Monetary Authority, aiming to bolster compliance and potentially expand the fund's reach. The integration is expected to enhance USYC's appeal as collateral by providing a more secure and transparent environment for investors.

Circle's decision to bring the $1 billion USYC tokenized money market fund under Bermuda's regulatory oversight is a calculated step to ensure adherence to international standards. By operating under the DABA license, Circle seeks to elevate the fund's credibility and attractiveness to a wider investor base. This regulatory framework is designed to offer a robust and transparent environment for digital asset businesses, ensuring that all operations meet the highest standards of compliance and security.

The integration of Hashnote under Bermuda's regulatory framework is part of Circle's broader strategy to expand its tokenized finance operations. By aligning with the DABA license, Circle can provide a more secure and transparent environment for investors, thereby enhancing the appeal of USYC as collateral. This move is anticipated to attract more investors to the fund, offering a stable and reliable investment option in the volatile cryptocurrency market.

Circle's decision to integrate Hashnote under Bermuda's regulatory framework marks a significant step towards enhancing the credibility and transparency of its tokenized finance operations. By operating under the DABA license, Circle can offer a more secure and transparent environment for investors, attracting a broader range of investors to the fund. This move is expected to bolster USYC's appeal as collateral, providing a stable and reliable investment option in the volatile cryptocurrency market.

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