Hashnote Rolls Out Yield-Bearing USYC Token to Institutional Clients via Copper

Introduction to Hashnote

Hashnote, a DeFi startup targeting regulatory-conscious financial institutions, has announced the release of its USYC token, built for earning yield and bolstered by a partnership with the custodial services of Copper, led by Philip Hammond, former U.K. Chancellor.

Cumberland Labs' Firstborn

Hashnote, originating from the Web3 incubator Cumberland Labs, recognizes trading powerhouse Cumberland as a supporter and market maker. By integrating Copper's extensive networking reach, Hashnote introduces its yield-bearing USYC token to an institutional client base of approximately 300, spanning large entities and crypto exchanges.

Seeking Security in Tokenization

As tokenization becomes more prevalent, so do blockchain equivalents of traditional financial instruments like U.S. Treasury bonds. Hashnote's CEO Leo Mizuhara emphasizes the necessity of recognizing the varying levels of security amongst these digital assets, highlighting USYC's foundation in reverse repo agreements. Meanwhile, Copper’s head of sales, Michael Roberts, indicates future plans for USYC's use as collateral within the platform’s ecosystem.