USYC - Tokenized Money Market Fund

Overview

USYC (US Yield Coin) is an institutional-grade tokenized money market fund with near-instant redeemability to USDC. Formerly known as Hashnote US Yield Coin, USYC represents shares in the Hashnote International Short Duration Fund Ltd, which invests in US Treasury bills and reverse repurchase agreements.

Key Features

Investment Strategy

• Invests exclusively in US Treasury bills and reverse repo agreements
• $1.88 billion in assets under management (AUM)
• 3.20% estimated net yield
• Regulated by the Bermuda Monetary Authority

Institutional Infrastructure

• Near-instant redemptions to USDC for liquidity management
• Multi-chain availability: Base, Canton, Ethereum, NEAR, and Solana
• ERC-20 and SPL-22 token standards
• Minimum investment: $100,000
• Available to non-US persons only

DeFi Integration

• Used as yield-bearing collateral on leading cryptocurrency exchanges
• Seamless integration with DeFi protocols for treasury deployment
• Enables institutional treasuries to earn yield while maintaining on-chain liquidity

Use Cases

USYC provides corporate treasuries and institutional investors with a regulated, tokenized alternative to traditional money market funds, combining the safety of US Treasury exposure with the efficiency and composability of blockchain infrastructure. The near-instant redemption feature allows treasuries to maintain yield on idle capital while preserving access to liquidity when needed.