Noble Teams Up with Hashnote to Introduce Tokenized Securities on Cosmos

Blockchain project Noble has collaborated with asset manager Hashnote to launch a tokenized real-world asset product on Cosmos.

USYC: Hashnote's Short-Duration Yield Fund on Noble Blockchain

Hashnote introduces USYC, a short-duration yield fund product, on the Noble blockchain, offering investors exposure to short-term securities, including U.S. treasury bills.

Cosmos Ecosystem Dynamics

Cosmos: A $45 Billion Ecosystem

Noble, the native asset issuer of Circle's USDC stablecoin in Cosmos, partners with Hashnote, known for managing crypto and real-world assets.

Noble's Strategic Move

Targeting the RWA Niche

Noble aims to tap into the rapidly growing RWA market on Cosmos with its USYC rollout. Tokenized securities, valued at over $500 million, are gaining momentum, as per Dune data.

USYC's Potential Applications

Cross-Chain RWA on Cosmos

USYC, the first cross-chain RWA on Cosmos, is anticipated to be utilized across diverse applications, including collateral in DeFi apps within the Cosmos ecosystem. Noble CEO Jelena Djuric highlights the initiative's significance in showcasing the IBC protocol's power in ensuring native interoperability of real-world assets.

Key Feature: "T+1 Redemption" Guarantee

Secure Investment Redemption

Noble assures a "T+1 redemption" guarantee for USYC, allowing investors to redeem their investments one business day after the trade date. This feature enhances confidence in the token's liquidity.

With Cosmos comprising over 80 application-specific blockchains, including Noble, the introduction of USYC signifies a strategic move in expanding tokenized securities within the Cosmos ecosystem.

While the initiative presents exciting opportunities, it's essential to monitor the evolving RWA market and the adaptability of USYC in diverse applications, keeping an eye on potential challenges in this rapidly changing landscape.