Circle is planning to bring a $ 900 million money market fund under the DABA license

Circle, Stablecoin USDCUSDC), Declare On March 13, it plans to bring the Hashnote Tokeenized Market Market (TMMF) box under the regulatory supervision in Bermuda through the license for the current digital business law of the company (DABA).

Hashnote, which circle It was obtained in January 2025It is a USDY exporter, the largest special treasury box in the money and money market with the total closed value (TVL) of $ 900 million, According to To Devilia. TVL fell from $ 1.9 billion as of January 7.

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According to the advertisement, Circle intends to fully comb the USDY with USDC, which would allow access between TMMF and Stablecoin. The company believes that this will make the “preferred model” of pregnancy guarantees in the exchange of encryption, including for losers and brokers.

According to Veriman Lu, Bermuda age One of the first legal and regulatory frameworks for digital asset management. Circle was the first company in Crypto to receive a license under the Bermuda Monetary Authority in September 2021. The Digital Assets Law in Bermuda is currently Permits Three types of licenses for companies that run business under the law.

RWAS icon “opportunity of $ 30 trillion”

In August 2024, Collin Butler, the head of institutional capital at Polygon, said that the assets of the real world (RWAS) said The market opportunity is of $ 30 trillion worldwide. It was believed that the batch would likely come from high -value individuals who would allocate funds for alternative assets as the distinctive symbol creates liquidity in the previously non -liquid markets.

Also, in August 2024, the American Treasury symbol was expected The market value will exceed $ 3 billion By the end of 2024, according to RWA.XYZ, the distinguished American cabinet market cover 4.2 billion dollars At the time of writing this report. Hashnote is the US Treasury No. 2 Protocol, according to the platform, although the market ceiling has decreased by 21 % in the past thirty days.

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The maximum public market for RWAS He exceeded 15.2 billion dollars at the end of 2024Largely driven by institutional players who have tried the distinguished symbol projects related to a group of commodities in the real world, including real estate, gold, diamonds and carbon credit. The market ceiling in the beginning He regained his highest level at $ 17.1 billion On February 3, but went further, to rise To $ 18.1 billion at the time of writing this report.

The distinctive symbol is Changing different financing areasIncluding creating liquidity for non -liquid assets and taking advantage of Blockchain to facilitate transparent and effective transactions. He – she It is not limited to one type of assetsWhich gives technology cases of broader use.

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