About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

Hashnote’s US Yield Coin (USYC) Now Available on Canton Network, Offering Privacy-Enhanced, Tokenised Yield Solutions

Subscribe to our newsletter

Hashnote, the on-chain digital asset manager backed by DRW and Cumberland, has made its yield-bearing US Yield Coin (USYC) accessible on the Canton Network, a blockchain platform developed by Digital Asset with contributions from over 30 financial industry leaders. The Canton Network’s privacy features allow USYC holders to manage collateral without third-party visibility, enhancing security and discretion.

USYC is a tokenised asset that invests in reverse repo activities on government-backed bonds, providing short-term, risk-free returns. The asset currently has $300 million in assets under management (AUM). Through Canton’s Global Synchroniser, USYC holders benefit from privacy-protected, atomic transactions across applications on the network. Additionally, Hashnote is one of the first apps approved to mint Canton Coin, the network’s native utility token, allowing USYC holders to earn rewards through their interactions on the platform.

Leo Mizuhara, Founder and CEO of Hashnote, commented: “What particularly stands out for us, and for many of our clients, is the privacy of your assets and transactions when using Canton, which can be crucial for trading use cases. The setup allows us to reduce counterparty and settlement risks and optimise capital efficiency without sacrificing privacy. Furthermore, USYC is fully composable on the Canton Network, so participants can create additional utility around USYC by including it in their trading, cash, and risk management workflows.”

Eric Saraniecki, Co-Founder and Head of Network Strategy at Digital Asset, added: “Access to tokenised real-world assets on-chain has been steadily on the rise and we are now seeing demand from institutional investors who want to utilise these assets across daily margin, cash and risk management activities. Privacy is required to make this a reality, unlocking cash equivalents for use as collateral 24/7, in real-time, and connecting Hashnote’s customers to the largest and most diverse network for tokenised real-world financial assets.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to get value from unstructured data: new approaches, tools and capabilities

Unstructured data volumes are huge, varied in type, and ready to be tapped to gain business value. While the theory is sound, the practicalities of capturing, managing, analysing and benefitting from unstructured data can be challenging, but there are solutions. This webinar will review the universe of unstructured data and how it is evolving, discuss...

BLOG

BlockFills Integrates Definitive Finance’s On-Chain Execution Platform to Expand Institutional Trading Capabilities

Digital asset infrastructure provider BlockFills has partnered with decentralised finance (DeFi) platform Definitive Finance, to enhance its on-chain trading capabilities for institutional and venture capital clients. The integration allows BlockFills to offer automated execution across a wider range of tokens, including less liquid and emerging assets, while improving execution quality and maintaining trading anonymity. Definitive’s...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Applications of Reference Data to the Middle Office

Increasing volumes and the complexity of reference data in the post-crisis environment have left the middle office struggling to meet the requirements of the current market order. Middle office functions must therefore be robust enough to be able to deal with the spectre of globalisation, an increase in the use of esoteric security types and...