Circle spends approximately $99.8 million to acquire RWA publisher Hashnote

BlockBeats reported on May 28th that according to Circle's IPO documents, it acquired RWA issuer Hashnote in January 2025 for $9.9 million in cash and approximately 2.9 million fully attributable common shares (with a total value of approximately $99.8 million). Hashnote was launched with a $5 million investment from Cumberland Labs and is the issuer of America. Yield Coin (USYC). Since its acquisition, its market share in tokenized US Treasury products has declined. Hashnote issued US $1.3 billion worth of USYC tokens, which grew rapidly last year and became the largest token based US treasury bond bond product in the market.