A press release titled, "Hashnote brings USYC to the Canton Network to offer the first tokenized money market fund with built-in privacy." It says, "Hashnote, the on-chain first digital asset manager backed by DRW and Cumberland, and Canton Network, launched by Digital Asset in collaboration with more than 30 financial industry leaders, announce that Hashnote's yield-bearing US Yield Coin (USYC) is now available on the Canton Network. USYC on Canton benefits from the network's unique privacy properties, enabling USYC holders to hold and deliver collateral across the Canton Network without anyone other than the issuer and the holder knowing." Leo Mizuhara, Founder and CEO of Hashnote, comments, "What particularly stands out for us, and for many of our clients, is the privacy of your assets and transactions when using Canton, which can be crucial for trading use cases. The setup allows us to reduce counterparty and settlement risks and optimize capital efficiency without sacrificing privacy. Furthermore, USYC is fully composable on the Canton Network, so participants can create additional utility around USYC by including it in their trading, cash, and risk management workflows." The release states, "Hashnote's USYC invests in reverse repo activities on government-backed bonds. It is designed to offer tokenized short-term risk-free rate returns, leveraging the benefits of rapid on-chain transaction speed, transparency, and composability. USYC's AUM is at $300 million and growing. The Canton Network's Global Synchronizer allows risk-free and privacy-protected value exchange across apps in the Canton Network via atomic transactions." Eric Saraniecki, Co-Founder and Head of Network Strategy at Digital Asset, adds, "Access to tokenized real-world assets on-chain has been steadily on the rise and we are now seeing demand from institutional investors who want to utilize these assets across daily margin, cash, and risk management activities. Privacy is required to make this a reality, unlocking cash equivalents for use as collateral 24/7, in real-time, and connecting Hashnote's customers to the largest and most diverse network for tokenized real-world financial assets. Hashnote is one of the early movers leveraging Digital Asset's Canton asset tokenization utility, enabling firms to securely and quickly bring digital assets to institutions connected on the Canton Network. The utility provides an asset registry application with out-of-the-box smart contracts to create tokenized assets with embedded privacy, and a credential management capability to onboard investors, manage permissioning, and ensure direct investor ownership and control over assets."

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