Hashnote
Hashnote is a regulated institutional DeFi asset management platform, acquired by Circle, that provides tokenized money market funds (USYC) and yield-generating strategies, bridging traditional finance with blockchain transparency and compliance.
Industry
Market Categories
Blockchain Settlement Platforms
Business function (Horizontal)
Headquarters Location
Miami Beach, FL, United States
Product Name
Hashnote
Parent Company
Circle
Founder
Leo Mizuhara, David Shapiro
Web2vsWeb3
Web3
Access Model
API
Target Users
Institutions, Other
Competitors
BlackRock BUIDL, Ethena USDtb, Ondo Finance (USDY), Tether Gold, Paxos Gold, Franklin Templeton, Superstate USTB, Centrifuge Protocol, Anemoy Capital, Usual (USD0).
Business Function (stablecoins)
Feature completness
Product differentiation
Regulated institutional-grade DeFi platform, tokenized money market fund (USYC) as yield-bearing collateral, combination of TradFi and DeFi infrastructure, elimination of counterparty risk, privacy on Canton Network.
Privacy & Data protection certificate
Years in business
3.49
Employees
<10
Horizontal Applications
Settlements, Payment Rail, Liquidity, Remittances
Tech stack modernity
Utilizes smart contracts (ERC-20), blockchain rails (Ethereum, Canton Network), oracles (Chainalysis), MPC wallets (Fireblocks Vaults). Focus on tokenization and composability.
Product Roadmap
Post-acquisition, focus on integrating USYC with USDC, expanding USYC as yield-bearing collateral, and bringing tokenized money markets into traditional finance frameworks.
Product Roadmap
Post-acquisition, focus on integrating USYC with USDC, expanding USYC as yield-bearing collateral, and bringing tokenized money markets into traditional finance frameworks.
API Quality
Production-Ready
Documentation Link
Enterprise readiness
High technical readiness for institutional integration (tokenized money market funds, collateral management, API access). Strong strategic alignment with institutional finance post-acquisition by Circle. However, no explicit Service Level Agreements (SLAs) found.
Security & Compliance Readiness
Regulated fund structure (CFTC, CIMA), KYC/AML checks, wallet screening, segregated custodial accounts, smart contract audits, OFAC sanctions checks (Chainalysis oracle), system halt capability. No explicit SOC 2, GDPR, HIPAA, or ISO 27001 certifications found for Hashnote itself.
Documentation quality assessment
Public documentation available for USYC (e.g., overview, investor onboarding, product structuring, fees). API documentation for Web2 endpoints provided.
Support Methods
Full-service support, direct contact channels (email, contact form). No specific average response times or dedicated account managers mentioned.
Critical capabilities
Tokenization of U.S. Treasury Bills (USYC), proprietary smart contracts, MPC wallets (Fireblocks Vaults), on-chain transparency, composability (ERC-20), Oracle feeds for asset/token prices, integration with Canton Network for privacy.
Support & Account Management
Full-service support, direct contact channels (email, contact form). No specific average response times or dedicated account managers mentioned.
51 Score™
414.17
Product & Service
64.0
Stability & Maturity
36.7
Technology & Innovation
40.0
Enterprise Readiness
25
Categorization
Founder
Leo Mizuhara, David Shapiro
Parent Company
Circle
Market category
Blockchain Settlement Platforms
Target Users
Institutions, Other
Top competitors
BlackRock BUIDL, Ethena USDtb, Ondo Finance (USDY), Tether Gold, Paxos Gold, Franklin Templeton, Superstate USTB, Centrifuge Protocol, Anemoy Capital, Usual (USD0).
