Fintech firm Reap has integrated Circle’s tokenised money market fund USYC to offer yield-bearing treasury tools to global businesses.
Global financial technology company Reap has integrated USYC, Circle’s tokenised money market fund, into its platform to expand treasury capabilities for international businesses. The integration introduces institutional-grade, yield-bearing treasury functionality directly into Reap Direct, the company’s unified platform for managing corporate spend, cross-border payments, and daily financial operations across fiat and stablecoin rails.
The feature addresses a growing need for enterprises to move capital efficiently and generate returns without sacrificing operational liquidity or flexibility. Corporate treasury teams are increasingly turning to tokenised, cash-like instruments to earn yield on idle balances while keeping funds fully accessible for immediate needs such as payroll, vendor payments, and international settlements.
The initiative directly solves the operational friction faced by corporate finance teams who previously had to transfer capital across multiple fragmented systems and external providers to balance yield generation with liquidity. By embedding these capabilities into a single environment, the update eliminates the traditional trade-off between securing asset returns and maintaining cash availability for routine corporate expenses.
Daren Guo, Co-Founder of Reap, said: “With this integration, we aim to give finance teams a more unified way to move, manage, and optimise cash globally, with the compliance, controls, and transparency that modern businesses expect.”
USYC serves as a digital representation of a share in the Hashnote International Short Duration Fund Ltd., a Cayman Islands-registered mutual fund administered by Circle International Bermuda Limited. The fund provides on-chain access to short-term US Treasury-backed assets and represents one of the largest tokenised funds in the market, with approximately $2.9 billion in circulation as of May 2026.
Leo Mizuhara, Vice President and Product Management at Circle, said: “Reap’s integration is a strong example of how tokenised treasury instruments are moving into real-world business platforms, enabling companies to incorporate yield-generating assets directly into their financial workflows.”
The update builds upon Reap’s existing payment infrastructure, which utilises USDC for core card issuance and cross-border transactions, effectively extending the platform into a comprehensive treasury layer. This enables non-US enterprises to manage corporate credit cards, expense tracking, and yield-generating instruments through a single ecosystem with built-in controls.
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