Stablecoin is at the heart of Haycen’s latest achievement as the trade finance-focused company secured a vital license from the Bermuda Monetary Authority (BMA). This regulatory green light enables Haycen to issue fully collateralized stablecoins across multiple currencies, cementing its foothold in compliant digital asset innovation.

Expanding Stablecoin Capabilities for Institutional Use

The Digital Asset Business (M) license granted by the BMA empowers Haycen to develop and manage 1:1 backed stablecoins, while also allowing the company to explore yield-generating products. Aimed squarely at B2B markets, Haycen targets regulated businesses, non-bank lenders, and institutions often overlooked in the global trade financing ecosystem.

As explained in this stablecoin guide, these digital currencies are typically pegged to underlying assets like the U.S. dollar or gold. With a total market capitalization hovering around $280 billion, according to CoinGecko, stablecoins play an essential role in payment systems and international fund transfers. The space is currently led by widely used tokens such as USDT by Tether and USDC by Circle.

Regulatory Confidence From Bermuda’s Forward-Thinking Policies

Haycen’s CEO and founder Luke Sully emphasized the importance of the license, calling it “a key moment in Haycen’s evolution.” He expressed pride in aligning the company with Bermuda’s progressive blockchain policies and praised the BMA’s regulatory transparency. According to Sully, that clarity enables innovation in the stablecoin sector by providing builders with the certainty needed to develop impactful digital financial solutions.

Haycen’s future offerings will emphasize cross-border trade finance—a financial niche with trillions in yearly liquidity demands, yet still underserved by traditional banks. Sully noted that the company aims to deliver more liquidity control to institutional clients and lower their capital costs through stablecoin-driven financial infrastructure.

A projected impact chart showing Haycen’s stablecoin adaptation in global trade finance operations.

Integrating Trusted Financial Partners and Government Support

Earlier this year, Haycen established key partnerships to prepare for this launch. Northern Trust—a well-known financial institution—now acts as the custodian of Haycen’s fiat reserves and partners in managing its money market funds. This collaboration ensures credible back-end infrastructure for its collateralized token offerings, including a British pound-pegged stablecoin.

The company also received significant backing from the U.K.’s National Security Strategic Investment Fund (NSSIF), underlining governmental interest in secure and innovative cross-border payment systems.

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For more detailed insights into their partnership, read: Northern Trust to Provide Custody, Cash Management Services for Stablecoin Issuer Haycen.