hashnote
5,577 views
4 Discussing
Hot
Latest
See original
The parent company of the New York Stock Exchange explores new products related to the stablecoin USDC
The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to explore the use of stable USDC coins in new products as American financial firms expand towards digital currencies.
According to an agreement announced today, Thursday, ICE will look into how to integrate USDC and USYC into its derivatives and clearing platforms.
Lynn Martin, president of the New York Stock Exchange, stated that regulated stablecoins could play a larger role in capital markets as market confidence in them grows.
The market capitalization of USDC is about $60 billion, fully backed by U.S. cash assets, while USYC is a token for a money market fund managed by Hashnote, which was recently acquired by Circle.
This move comes as regulatory challenges recede under the Trump administration, where Fidelity Investments has applied to launch a tokenized money market fund, and CME is testing tokenization via a distributed Google Cloud ledger.
Martin had previously hinted in May 2024 that ICE could offer cryptocurrency trading if U.S. regulations become clearer.
#usdc #ICE #USYC #Circle #hashnote
$USDC
The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to explore the use of stable USDC coins in new products as American financial firms expand towards digital currencies.
According to an agreement announced today, Thursday, ICE will look into how to integrate USDC and USYC into its derivatives and clearing platforms.
Lynn Martin, president of the New York Stock Exchange, stated that regulated stablecoins could play a larger role in capital markets as market confidence in them grows.
The market capitalization of USDC is about $60 billion, fully backed by U.S. cash assets, while USYC is a token for a money market fund managed by Hashnote, which was recently acquired by Circle.
This move comes as regulatory challenges recede under the Trump administration, where Fidelity Investments has applied to launch a tokenized money market fund, and CME is testing tokenization via a distributed Google Cloud ledger.
Martin had previously hinted in May 2024 that ICE could offer cryptocurrency trading if U.S. regulations become clearer.
#usdc #ICE #USYC #Circle #hashnote
$USDC
See original
Circle acquires Hashnote, a major step in the digital asset market
Circle Internet Financial, the second-largest issuer of USDC stablecoin in the world, has just announced the acquisition of Hashnote, the issuer of the digital asset fund US Yield Coin (#USYC ). This is an important milestone, marking the merger between two "giants" in the stablecoin and on-chain money fund sector.
USYC – Leading digital money fund
Hashnote stands out with the USYC fund, one of the most popular digital assets (RWA) today with a total value locked (TVL) of approximately $1.25 billion, according to RWA.xyz. This fund focuses on income-generating assets such as U.S. government bonds, meeting the growing demand from investors for digital financial products.
USYC – Leading digital money fund
Hashnote stands out with the USYC fund, one of the most popular digital assets (RWA) today with a total value locked (TVL) of approximately $1.25 billion, according to RWA.xyz. This fund focuses on income-generating assets such as U.S. government bonds, meeting the growing demand from investors for digital financial products.
Circle Confirms $99.8M Acquisition Of Hashnote In IPO Filing
Key Highlights:
* Circle's updated S-1 filing reveals a $99.8 million acquisition of tokenization startup Hashnote.
* The deal comprises $9.9 million in cash and approximately 2.9 million fully vested Circle shares.
* This strategy will enhance Circle's institutional-grade tokenization capabilities ahead of its IPO.
Circle, which issues the $USDC USDC stablecoin, revealed in an SEC filing that it acquired Hashnote Holdings LLC. The acquisition was valued at approximately $99.8 Million.
This disclosure was part of Circle’s latest S-1 filing. The payment structure included $9.9 million in cash and about 2.9 million fully vested Circle shares.
Strategic Acquisition Ahead of IPO
Hashnote is known for its on-chain investment tools. With this acquisition, Circle expects to strengthen its position in the institutional-grade tokenization space.
Circle is integrating Hashnote's technology. This expands its offerings beyond stablecoin issuance. The company is now focusing on digital finance infrastructure.
This move supports Circle's vision. There is a growing demand for tokenized assets. Circle aims to provide solutions for institutional investors. These investors seek exposure to blockchain-based financial instruments.
IPO and Market Positioning
Circle's acquisition of Hashnote accompanies the company’s preparation for its initial public offering (IPO) on the New York Stock Exchange.
It is targeting a valuation of up to $6.71 billion on a fully diluted basis. The IPO aims to raise as much as $624 million by selling 24 million shares priced between $24 and $26 each.
ARK Investment Management, led by Cathie Wood, has expressed interest in purchasing up to $150 million worth of shares.
Circle's acquisition of Hashnote demonstrates its dedication to growing its product offerings. This move reinforces its position in the dynamic digital asset landscape.
#Circle #hashnote #IPO #blockchain #USDC
Key Highlights:
* Circle's updated S-1 filing reveals a $99.8 million acquisition of tokenization startup Hashnote.
* The deal comprises $9.9 million in cash and approximately 2.9 million fully vested Circle shares.
* This strategy will enhance Circle's institutional-grade tokenization capabilities ahead of its IPO.
Circle, which issues the $USDC USDC stablecoin, revealed in an SEC filing that it acquired Hashnote Holdings LLC. The acquisition was valued at approximately $99.8 Million.
This disclosure was part of Circle’s latest S-1 filing. The payment structure included $9.9 million in cash and about 2.9 million fully vested Circle shares.
Strategic Acquisition Ahead of IPO
Hashnote is known for its on-chain investment tools. With this acquisition, Circle expects to strengthen its position in the institutional-grade tokenization space.
Circle is integrating Hashnote's technology. This expands its offerings beyond stablecoin issuance. The company is now focusing on digital finance infrastructure.
This move supports Circle's vision. There is a growing demand for tokenized assets. Circle aims to provide solutions for institutional investors. These investors seek exposure to blockchain-based financial instruments.
IPO and Market Positioning
Circle's acquisition of Hashnote accompanies the company’s preparation for its initial public offering (IPO) on the New York Stock Exchange.
It is targeting a valuation of up to $6.71 billion on a fully diluted basis. The IPO aims to raise as much as $624 million by selling 24 million shares priced between $24 and $26 each.
ARK Investment Management, led by Cathie Wood, has expressed interest in purchasing up to $150 million worth of shares.
Circle's acquisition of Hashnote demonstrates its dedication to growing its product offerings. This move reinforces its position in the dynamic digital asset landscape.
#Circle #hashnote #IPO #blockchain #USDC
Login to explore more contents