Circle Enters Tokenization Race by Acquiring Hashnote, $1.3B Real-World Asset Issuer

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The companies closed the deal this morning, a Circle spokesperson told CoinDesk and was announced in Davos, Switzerland during the annual World Economic Forum meeting

Tokenized RWAs like treasury bills and money market funds are quickly gaining traction among sophisticated investors and asset managers as collateral for trading

Circle aims to integrate USYC with USDC, Circle’s flagship stablecoin, enabling convertibility between cash and yield-bearing collateral on blockchains, the press release said