Press Release: QCP Integrates USYC (Hashnote) as Collateral for Digital Asset Strategies

QCP adopts USYC as collateral across its investment strategies, enhancing flexibility and security for clients.

Singapore, 9 October 2024 – QCP, a leading wealth partner in digital asset strategies, announces its integration with USYC (Hashnote), allowing clients to use USYC as collateral for QCP investment products. This integration strengthens QCP’s offering by providing a stable, secure collateral option, ensuring that investors can manage their portfolios with greater flexibility and peace of mind.

About USYC

Hashnote’s yield bearing collateral token, USYC, gives users the ability to post and move collateral while having the best guarantees behind a tokenized fund. Backed by a Cayman Islands regulated fund 100% invested in reverse repo and stablecoins, the regulated fund structure of USYC allows for US Dollar collateral with minimal credit, duration, liquidity, or regulatory risks. 100% of funds are available for withdrawal T+0 with 20% available for instant withdrawal via smart contract call. USYC is a fully permissioned token deployed on Ethereum, Base, Canton, and NEAR blockchains.

A New Era of Collateral Flexibility

By incorporating USYC as an approved collateral option, QCP continues to expand its range of collateral types to support a broader range of investors and their digital asset needs. Clients now have the ability to utilize USYC to back their investments with QCP, including options, structured products, and yield-generating strategies.

The inclusion of USYC as collateral not only underscores QCP’s commitment to providing cutting-edge solutions in the digital asset space but also aligns with a broader strategy of offering enhanced liquidity and risk management options for clients.

Key Benefits:

• Flexible Collateral Options: USYC can be used as collateral across selected QCP products, offering clients more versatility in their investment strategies.
• Enhanced Security: USYC collateral can be placed in tri-party custody through agreements with trusted custodians, ensuring the protection  of client assets.
• Increased Liquidity: Clients gain access to a more liquid and stable collateral option, enhancing capital deployment efficiency.
• Improved Risk Management: The stability of USYC reduces exposure to market volatility, giving clients more confidence in collateral-backed investments.

“Our partnership with USYC offers clients more secure and flexible ways to manage their digital asset portfolios,” said Darius Sit, Founder and Chief Investment Officer at QCP. “With the added benefit of tri-party custody through Fireblocks, clients can rest assured that their collateral is safe and efficiently managed.”

Leo Mizuhara, Founder and Chief Executive Officer at Hashnote, added, “We are excited to partner with QCP to provide clients with innovative solutions that enhance their investment strategies. By integrating USYC as collateral, we’re not just offering security; we’re paving the way for a more robust digital asset market.”

“Supporting customers in generating safer yields and mitigating counterparty risk by leveraging digital assets is core to our mission at Fireblocks,” said Michael Shaulov, Cofounder and CEO at Fireblocks. “By integrating the safest tokenized funds with Fireblocks Off Exchange, QCP and Hashnote bring innovation to the market, and we’re excited to support USYC via the Fireblocks Network.”

For more information about QCP’s offerings and how you can leverage USYC as collateral, please visit www.qcpgroup.com.

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About Hashnote:

Hashnote is the world’s premier on-chain asset manager, employing the best parts of blockchain technology with the most trusted parts of traditional finance. Hashnote delivers transparent, secure, and simple on-chain investments to institutional and high-net-worth investors. Hashnote’s principals are professionals with a combined 50+ years in traditional finance/banking, options trading, software engineering, and blockchain technology at global trading and investment companies. Hashnote builds what finance will look like in ten years.

Hashnote is built with the support of DRW Holdings, one of the largest and most respected trading firms in the world, and Cumberland, the first and biggest institutional crypto OTC liquidity provider.

About QCP:

Established in 2017, QCP is a pioneering digital asset trading firm in Singapore, partnering with the next generation of institutional investors to unlock opportunities in digital assets. QCP leverages deep expertise and a vast network of liquidity providers to shape the future of digital asset markets through greater access and efficiency. We offer tailored derivatives, spot trading, and structured solutions to institutional, professional, and accredited investors. Headquartered in Singapore, QCP is supported by a strong team of professionals in trading, business development, operations, risk, and compliance.

QCP’s insights cover weekly trading updates, monthly and quarterly views, and can be accessed on our official social platforms such as Telegram , Twitter , LinkedIn and more. More information can be found at www.qcpgroup.com . 

Media Contact:

Hashnote: [email protected]

QCP: [email protected]