Circle plans to bring $900M money market fund under DABA license
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Circle's Regulatory Plans: Circle announced plans to bring its Hashnote Tokenized Money Market Fund (TMMF) under Bermuda regulatory oversight, integrating USDY with USDC to enhance its appeal as yield-bearing collateral on crypto exchanges.
Tokenization Market Growth: The tokenized real-world assets (RWAs) market is projected to be a $30 trillion opportunity, with significant growth in tokenized US Treasurys and overall RWA market cap surpassing $15.2 billion, driven by institutional investment and liquidity creation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
