Blockchain project Noble has partnered with asset manager Hashnote to introduce a tokenized real-world asset product on Cosmos.

The product of this collaboration is USYC, a short-duration yield fund product from Hashnote. USYC, a token that will be issued on the Noble blockchain, will provide investors exposure to short-duration securities, including U.S. treasury bills.

Noble is a blockchain widely known as the native asset issuer of Circle’s USDC stablecoin for the Cosmos ecosystem. On the other hand, Hashnote — backed by investors like DRW Holdings and Cumberland — is an asset manager offering management strategies in crypto and real-world assets.

Noble aims to tap into the RWA niche on Cosmos with its USYC rollout. The market for RWAs is still nascent but rapidly growing. In …