Circle has acquired RWA issuer Hashnote for approximately $99.8 million.

BlockBeats News, May 28th, According to Circle's IPO filing, it was disclosed that in January 2025, it acquired RWA issuer Hashnote for $99 million in cash and approximately 2.9 million shares of fully vested common stock (totaling approximately $99.8 million). Hashnote was launched with a $5 million investment from Cumberland Labs and is the issuer of the U.S. Yield Coin (USYC). Since the acquisition, its market share in tokenized U.S. Treasury bond products has declined.

Hashnote issued $1.3 billion worth of USYC tokens, which saw rapid growth last year, becoming the largest tokenized U.S. Treasury bond product in the market.