BounceBit, the centralized Bitcoin restaking platform that provides “institutional-grade” DeFi investing products, introduced “dual-yield” opportunities by partnering with Hashnote, a Circle company, to integrate Hashnote’s yield-bearing USYC token into its platform.
Institutions can use the tokenized money market fund as collateral for BounceBit’s delta-neutral trading strategies in Asian markets, “uniting the stability of U.S. Treasury bills with Asia-based trading advantages.”
This collab bridges U.S. and Asian financial ecosystems, giving institutions a “cross-market edge.”
With this integration, BounceBit offers a solution that enables users to gain U.S. market exposure “through USYC while simultaneously profiting from trading strategies in Asian markets.”
The partnership comes at a time when tech stocks in both regions are approaching “all-time highs, presenting opportunities for investors.”
BounceBit founder and CEO Jack Lu said:
“We’re seeing increasing demand from Asian investors seeking exposure to US markets. This product allows investors to simultaneously profit from US market exposure and Asia-based trading strategies.”
USYC will play a key role in BounceBit’s centralized DeFi (CeDeFi) system, which brings the “profitability and security of centralized finance to DeFi.”
As a tokenized representation of Hashnote’s International Short Duration Yield Fund (SDYF), USYC offers a “regulated foundation for BounceBit’s RWA credit market.”
This partnership cements BounceBit’s position as a key player in institutional DeFi adoption by establishing the first platform to “enable direct RWA-to-centralized exchange (CEX) trading credit.”
It facilitates integration between traditional prime brokers and major digital asset exchanges while “bridging U.S. RWA capital with Asian exchange infrastructure.”
With support from a network of institutional partners, including UOB and Boyaa, BounceBit is creating an “ecosystem to drive RWA adoption in digital assets.”
By integrating CeDeFi infrastructure with real-world asset (RWA) collateralization, BounceBit is unlocking opportunities for institutional investors to “access yield generation through traditional financial instruments, maintain regulatory compliance while engaging in digital asset markets, and leverage established prime brokerage relationships for seamless trading.”
By bridging the gap between traditional finance and digital asset markets, BounceBit is empowering institutions with tools to capitalize on global market trends, paving the way for “a more interconnected and efficient financial ecosystem.”
As noted in the update, BounceBit is described as the institutional-grade CeDeFi infrastructure through its unique dual-token Layer 1 chain.
Secured by BTC and $BB, BounceBit Chain combines Bitcoin’s security with full EVM compatibility to power an “expanding ecosystem of real yield products and RWA integrations.”