USYC
USYC is the on-chain representation of the Hashnote International Short Duration Yield Fund Ltd. ("SDYF").
SDYF invests primarily in reverse repo and U.S. Government backed securities.
Token Standard | ERC-20 |
Available Network | Ethereum |
Subscription Currency | USD (fiat), USDC, USDT, PYUSD |
Subscription Fee | None for PYUSD and USDC 0.10% for USDT |
Redemption Fee | None for PYUSD 0.10% for USDC |
Investment Minimum | $100,0001 |
1 For non-U.S. investors only. U.S. investors in the Hashnote Feeder Fund may allocate part or all of their investment to USYC, but cannot invest directly in USYC.
Being invested in overnight repo means minimized market risk, duration risk, and credit risk -- as good as being in a U.S. Treasury Money Market fund, but with the transaction speed, transparency, and composability of being an ERC-20.
USYC lets you earn short-term risk free returns. Assets are deployed in reverse repo, with some allocated to T-Bills, to ensure maximum liquidity and minimum duration risk.
Liquidity
Mint / redeem time T+0 to T+1 into USDC or PYUSD.
Atomic on-chain instant mint / redeem available.
On-chain mint available only during “market hours”.
On-chain redemption available at any time but for limited size.
Safety
No credit intermediaries.
No loans to anyone.
Fully regulated by CIMA.
Direct access to segregated custodial account.
Transparency
Assets and token price published via oracle feed.
All fees such as service, redemption, and custodian fees are fully disclosed.
ERC-20 verified on etherscan.
USYC is run by Hashnote, the premier on-chain institutional asset manager backed by the partners of DRW. Hashnote has an experienced in-house Fixed Income Team, with a track record of delivering consistent, risk-adjusted returns and liquidity management.
The fund's cash and securities are custodied at Bank of New York Mellon and managed by experienced portfolio and liquidity managers. Hashnote's offshore funds are licensed as mutual funds by Cayman Islands Monetary Authority (CIMA), and its U.S. fund manager is registered as a CPO with the Commodity Futures Trading Commission (CFTC).
Please review the Legal Disclosures on Hashnote’s website for additional information. This Material does not constitute a solicitation, offer or recommendation to enter into any transaction. The products, services, information and/or materials referenced within this Material may not be available for all individuals or residents of certain jurisdictions.
Investments may lose value and past performance is not a reliable indicator of future results. Any views, strategies or products discussed in this Material may not be appropriate for all individuals or institutions and are subject to risks. Carefully consider whether the services, products, asset classes or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product or strategy prior to making an investment decision.
HASHNOTE MANAGEMENT LLC IS A MEMBER OF NFA AND IS SUBJECT TO NFA’S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.