Hashnote

What is Hashnote?

Hashnote is an institutional digital asset infrastructure company that provides qualified investors with access to tokenized yield products. The company's flagship offering, USYC (US Yield Coin), is a tokenized short-term Treasury bill product that combines the safety of US government securities with the efficiency of blockchain-native settlement.

Founded by veterans of traditional finance and cryptocurrency infrastructure, Hashnote bridges institutional investment requirements with digital asset innovation. The company has grown to manage over $500 million in assets, serving institutional clients including crypto funds, trading firms, and corporate treasuries seeking optimized cash management solutions.

USYC represents a pure-play approach to tokenized Treasuries—direct T-bill exposure without complex structuring or yield enhancement strategies. This simplicity appeals to institutional investors who want Treasury yields with minimal additional complexity or risk beyond the underlying government securities.

How Hashnote Works

USYC Product Structure

USYC employs a straightforward Treasury strategy:

• Primary Holdings: Short-term US Treasury bills
• Duration: Money market duration (ultra-short)
• Credit Quality: US Government (highest)
• Yield Pass-through: Net of minimal fees

USYC is designed for institutional simplicity:

• ERC-20 token on Ethereum
• NAV-based pricing (accruing value)
• Same-day liquidity during business hours
• 1:1 USD redemption capability

Custody and Administration

Hashnote operates with institutional-grade partners:

• Custody: Qualified custodians for Treasury holdings
• Fund Administration: Independent NAV calculation
• Audit: Regular third-party attestations
• Compliance: KYC/AML verification required

Multiple layers of protection:

• Segregated custody accounts
• Multi-signature controls
• Regular security audits
• Insurance coverage (where applicable)

Minting and Redemption

1. Complete institutional onboarding and KYC
2. Wire USD to designated account
3. USYC minted at current NAV
4. Tokens delivered to verified wallet

1. Submit redemption request
2. Tokens burned from wallet
3. USD returned same-day (before cutoff)
4. Standard wire or stablecoin settlement

Key Statistics

• Assets Under Management: $500M+
• Current APY: 4.5-5.0% (T-bill rate)
• Backing: 100% US Treasury bills
• Liquidity: Same-day (business hours)
• Blockchain: Ethereum
• Target Investors: Institutional and qualified investors
• Management Fee: Competitive institutional rates
• Regulatory Framework: Regulated fund structure

Yield Opportunities

Direct USYC Investment (4.5-5.0% APY)

The core Hashnote offering for Treasury exposure:

• Direct T-bill yield exposure
• Same-day liquidity (vs T+1 elsewhere)
• Institutional-grade custody
• Blockchain-native settlement
• Simple NAV-based accounting

• Crypto fund cash management
• Trading firm margin optimization
• Corporate treasury diversification
• Stablecoin alternative with yield

Institutional Strategies

Optimize idle cash with USYC:

• Higher yields than bank deposits
• Same-day access (unlike term investments)
• Reduced bank counterparty concentration
• Blockchain-native transfers

USYC as high-quality collateral:

• Earn yield on collateral positions
• Potential margin efficiency vs stablecoins
• Integration with institutional trading platforms
• Reduced opportunity cost

Yield Comparison

Getting Started with Hashnote

Step 1: Verify Institutional Status

Hashnote serves institutional and qualified investors:

• Confirm institutional investor status
• Prepare entity documentation
• Identify authorized signatories
• Review minimum investment requirements

Step 2: Complete Onboarding

Institutional KYC process:

• Submit institutional application
• Provide entity documentation
• Complete AML verification
• Execute subscription agreements

Step 3: Fund and Mint

Initial investment:

• Wire USD to designated account
• Specify USYC minting request
• Receive tokens at current NAV
• Settlement typically same-day

Step 4: Manage Position

Ongoing operations:

• Monitor yields through Hashnote dashboard
• Track NAV appreciation
• Request redemptions with same-day settlement
• Access reporting for accounting
• Compare yields with Fensory

Risk Considerations

Treasury yields fluctuate with Fed policy:

• Current high rates may not persist
• Yield decline affects returns
• Duration risk is minimal (short-term)

Dependence on Hashnote infrastructure:

• Custody arrangements
• Operational integrity
• Business continuity

Regulated fund structures face:

• Potential regulatory changes
• Jurisdictional requirements
• Compliance obligations

Not available to retail investors:

• Minimum investment requirements
• Accreditation verification
• Institutional documentation needs

USYC token carries blockchain risks:

• Contract vulnerabilities
• Network issues
• Wallet security

Hashnote vs Other Treasury Products

Frequently Asked Questions

USYC provides blockchain-native benefits: 24/7 transferability, same-day liquidity, simplified custody through a single token, and potential DeFi composability. Direct T-bill ownership requires separate custody and slower settlement.

Submit redemption requests before the daily cutoff (typically early afternoon ET). Requests received by cutoff settle same business day via wire or stablecoin. After cutoff, settlement occurs next business day.

Hashnote is developing institutional integrations for USYC collateral use. Contact Hashnote directly for current capabilities and partner platforms.

No. USYC is designed for institutional and qualified investors. Minimum investment requirements and accreditation verification apply. Retail investors should explore alternatives like Ondo USDY or Mountain Protocol USDM.

Hashnote charges competitive institutional management fees, which are netted from the yield passed to investors. Contact Hashnote for current fee schedule.

[Explore Hashnote on Fensory](https://www.fensory.com)