Noble partners with Hashnote to introduce tokenized securities products to the Cosmos ecosystem

Blockchain project Noble announced a partnership with asset management company Hashnote to introduce tokenized RWA products in the Cosmos ecosystem. The first product of this collaboration is USYC, a short-term income fund product from Hashnote that includes short-term securities, including US government bonds. USYC will be issued as a token on the Noble blockchain, providing investors with investment opportunities in short-term securities, including US government bonds. Noble is the issuer of Circle's USDC stablecoin native assets in the Cosmos ecosystem, while Hashnote is an asset management company supported by investors such as DRW Holdings and Cumberland, providing management strategies for cryptocurrencies and real-world assets. Noble aims to enter the real-world asset (RWA) market in the Cosmos ecosystem, which is still in its early stages but developing rapidly, by launching USYC. According to Dune data, especially the rapid growth of tokenized securities in the past year, the market size is estimated to exceed $500 million. The Cosmos ecosystem includes more than 80 application-specific blockchains, such as Cosmos Hub, Osmosis, Injective, Noble, etc., with a total market value of over $45 billion. These blockchains can interact with each other using the Inter-Blockchain Communication (IBC) protocol. As the first cross-chain real-world asset on Cosmos, USYC is expected to be widely used in various DeFi applications in the Cosmos ecosystem, including as collateral. Noble's CEO and co-founder Jelena Djuric said, "This move will demonstrate the power of the IBC protocol in enabling real-world assets to achieve interoperability locally."