Hashnote

Noble has partnered with Hashnote to introduce tokenized securities to the Cosmos ecosystem

ChainCatcher news, according to The Block, the Cosmos ecosystem application chain Noble has partnered with asset management company Hashnote to introduce tokenized RWA products in the Cosmos ecosystem. The first product of the collaboration is USYC, which is a short-term yield fund product from Hashnote that includes short-term securities such as U.S. Treasury bonds. USYC will be issued as a token on the Noble blockchain, providing investors with investment opportunities in short-term securities, including U.S. Treasury bonds.It is reported that Noble is the native asset issuer of Circle's USDC stablecoin in the Cosmos ecosystem, while Hashnote is an asset management company supported by investors such as DRW Holdings and Cumberland, offering management strategies for cryptocurrencies and real-world assets. Noble aims to enter the rapidly developing real-world asset (RWA) market in the Cosmos ecosystem, which is still in its early stages, by launching USYC. According to Dune data, the value of tokenized securities has grown rapidly over the past year, with a market size estimated to exceed $500 million.The Cosmos ecosystem includes over 80 application-specific blockchains, such as Cosmos Hub, Osmosis, Injective, and Noble, with a total market capitalization exceeding $45 billion. These blockchains can interact with each other using the Inter-Blockchain Communication (IBC) protocol. USYC, as the first cross-chain real-world asset on Cosmos, is expected to be widely used in various DeFi applications within the Cosmos ecosystem, including as collateral.Noble's CEO and co-founder Jelena Djuric stated, "This initiative will showcase the power of the IBC protocol in enabling interoperability for real-world assets locally."
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