Bounbit, a centralized resting platform in Bitcoin, today announced an association with hashnote, a company recently acquired by Circle. This collaboration integrates Hashnote’s UsyC token token on the Bopecebit platform. This provides institutional investors for double performance opportunities that achieve the stability of the United States Treasury with Asian market trade advantages.
A unique cross -market advantage for investors
The integration of USYC into the Bounbit platform allows institutions to take advantage of the world’s largest tokenized money market as a guarantee for neutral commercial strategies in Delta-in Asian markets. This approach combines the safety of the United States Treasury invoices with the dynamic potential of Asia’s negotiation.
Jack Lu, founder and CEO of Bounbit, mentioned the growing interest of Asian investors in US markets.
“We are seeing the growing demand of Asian investors seeking exposure to US markets. This product allows investors to benefit simultaneously from exposure to US market and Asia headquarters, ”Jack said in a statement shared with Alexablockchain.
Integration of real world assets in CEDEFI
USC, a tokenized representation of the International Short Duration Fund of Hashnote (SDYF), plays a fundamental role in the Defi (CEDEFI) centralized system of Bounbit. By integrating real world assets (RWA) into its platform, Bounbit offers a stable and regulated base for its credit market, joining traditional finances with digital asset ecosystems.
This association positions Bounbit as leader in the adoption of institutional defi. Bounbit becomes the first platform to enable direct commercial commercial credit to Centralized (CEX). The collaboration also facilitates the perfect integration between the traditional main corridors and the main exchanges of digital assets, strategically connecting the US RWA capital. UU. With the Asian exchange infrastructure.
Hashnote acquired in Circle
Earlier this month, Circle acquired Hashnote, the USYC issuer. This proves the growing importance of tokenized assets in the financial sector. USC has become the most large US Treasury product, reflecting a significant change towards the integration of traditional financial instruments with blockchain technology.
Jeremy Allaire, CEO and president of Circle, highlighted the transformative potential of this acquisition, stating: “The integration of USYC and hashnote in the circle platform marks an important moment in the evolution of the Stablecoin market, as effective and short performance to short term. The assets of the Treasury invoice become fungible and convertible to the speed of blockchains markets and capital crypt. “
Bounbit
Founded in 2023 and based in Singapore, Bounbit aims to close the gap between centralized and decentralized finances. The company offers a double test of the layer 1 blockchain associated with Bitcoin and its native token $ BB, which supports compatibility with EVM. This infrastructure allows liquidity custody tokens for replacement and agriculture defi in chain, providing transparent and insurance performance products for users.
In its initial financing round in February 2024, Buncebit raised $ 6 million, attracting investments of notable companies such as Blockchain Capital and Breyer Capital. Subsequent financing rounds have seen the participation of investors, including Boyaa Interactive, further reinforcing the company’s financial base.
Strategic investments and associations
The growth of Bounbit has been marked by strategic investments and associations aimed at improving its CEDEFI infrastructure. In particular, Laser Digital, a subsidiary of Nomura Group, invested in Bounbit to advance in the integration of real world assets in decentralized finances.
Jack Lu said: “Digital laser cooperation not only means capital, but is also part of our efforts to build a bridge between tradfi and defi. The ideas and influence of institutions such as Digital Laser will play a crucial role in RWA’s future development in Bounbit. ”
The broader context: tokenization in finance
The association between Bounbit and hashnote reflects a broader trend in the financial industry towards tokenization, the process of converting real world assets into digital tokens into a block chain. Tokenization offers numerous benefits, which include greater liquidity, fractional property and greater transparency.
The acquisition of Hashnote’s Circle and the integration of USYC in Bopecebit means increasing recognition of the value of the tokenized assets. As traditional financial institutions increasingly explore Blockchain technology, collaborations that unite the gap between conventional finances and the DEFI are increasingly frequent.
In general, the Boucebit-Histote association exemplifies the dynamic evolution of the financial sector. It highlights the growing interaction between traditional financial instruments and blockchain technology. As institutions seek diversified and efficient investment strategies, the integration of tokenized assets into Platforms Defi offers a promising route towards a more interconnected and versatile financial ecosystem.
Read also: The Humanity Protocol collects $ 20 million to advance decentralized identity with ZKP and Sybil Resistance
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