Circle plans to bring a $ 900 million money fund under the license

Circle, the Creator of Stablecoin Usdc (USDC), announced On March 13, he plans to bring his Tokenized Hashnote (TMMF) monetal market fund under the regulatory supervision of Bermuda through the license of the Digital Association Business Law (DAABA) existing of the company.

Hashnote, which Circle acquired in January 2025, is the USDY issuer, the background of the monetary market and the largest tokenized treasure with a total locked value (TVL) of $ 900 million, according to defill. The TVL of the Fund has fallen from $ 1.9 billion as of January 7.

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According to the announcement, Circle intends to completely integrate USDY with USDC, which would allow access between the TMMF and the Stablecoin. The company believes that this will make USdy “the favorite form” of the performance guarantee in cryptographic exchanges, even for custodians and corridors.

According to Freeman Law, Bermudas issued One of the first legal and regulatory frameworks to govern digital assets. Circle was the first firm in crypto to receive a license under the monetary authority of Bermuda in September 2021. Currently the Bermuda digital asset business law Permits Three types of licenses for companies that do business under the law.

Tokenized Rwas an “$ 30 billion opportunity”

In August 2024, Colin Butler, Chief of Institutional Capital of Polygon, said that real world assets (RWAS) are a market opportunity of $ 30 billion worldwide. He believed that the impulse would probably come from high -level network people who will assign money to alternative assets, since tokenization creates liquidity in previously ilequid markets.

In addition, in August 2024, it was predicted that US Treasures. Tokenized would exceed a market capitalization of $ 3 billion by the end of 2024. According to Rwa.xyz, the market capitalization of the US treasurers. UU. $ 4.2 billion At the time of this writing. Hashnote is protocol No. 2 for the Treasury tokenized by the USA, according to the platform, although its market capitalization has fallen 21% in the last 30 days.

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The general market capitalization for RWAS exceeded $ 15.2 billion at the end of 2024, largely driven by institutional players that piloted tokenization projects related to a large number of real -world goods, including real estate, gold, diamonds and carbon credits. Market capitalization initially demanded a historical maximum of $ 17.1 billion on February 3, but since then it has gone even further, growing at $ 18.1 billion at the time of this letter.

Tokenization is changing different areas of finance, including the creation of liquidity for ilíchid assets and taking advantage of the block chain to facilitate transparent and efficient transactions. It is not limited to a single type of asset, which provides technology with broader use cases.

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