Introduction

USYC is the onchain representation of Hashnote International Short Duration Yield Fund Ltd. (SDYF). SDYF invests in short-term US Treasury Bills and performs repo / reverse-repo activity as the underlying asset of the USYC token.

USYC earns short-term Fed rate returns. Tokenization enables the fund to deliver rapid transactions, onchain transparency, and seamless composability—while maintaining strong controls across regulatory and credit dimensions.

Liquidity

We understand the importance of liquidity in all market environments. To help investors enter and exit their positions efficiently, we structured our operation so investors can subscribe via USDC or USDT and redeem on the same day (T+0) into USDC. The subscription process is atomic and instant on the blockchain, and investors can redeem at any time 24/7/365.

Security

USYC is issued by Circle International Bermuda Limited, regulated by Bermuda Monetary Authority (BMA), and represents an interest in a Cayman Islands mutual fund licensed by Cayman Islands Monetary Authority (CIMA). We adhere to strict regulations, ensuring our operations meet institutional investment standards.

Assets are protected through segregated custodial accounts at our prime broker, guaranteeing direct access for shareholders and a high level of asset security. This straightforward and secure approach gives investors the confidence to focus on their investment goals. Trust and transparency are the pillars of our service, making us dependable in the digital asset market.

Transparency

Assets and token prices are regularly published via an Oracle feed. All fees—including service, redemption, and management fees—are disclosed upfront. Our ERC-20 token has been externally audited and verified on Etherscan, providing reliability and security.

Fund Management

The fund is managed by an experienced in-house Fixed Income Team with a track record of delivering consistent, risk-adjusted returns and liquidity management. Assets are primarily deployed in reverse repo, ensuring maximum liquidity and minimal duration risk*.

*Fixed income assets such as Treasury Bills may lose value.