Key Notes

Circle's Hashnote brings institutional-grade Treasury collateral to BNB Chain with near real-time USDC settlement.

The $1.07B fund offers 3.93% APY through price appreciation, targeting non-US institutions with KYC requirements.

BNB Chain deployment follows recent institutional moves, addressing demand for regulated DeFi collateral.

Hashnote, the institutional asset management subsidiary of Circle , has deployed its USYC tokenized money market fund on BNB Chain on Nov. 19. The launch enables investors to utilize the yield-bearing asset as collateral within the network’s decentralized finance protocols.

The expansion brings USYC to the BNB Chain ecosystem, which allows eligible non-US institutional investors to subscribe to the fund or redeem shares for USDC in near real-

See Full Page