FREQUENTLY ASKED

Your Questions
Answered

Get clear answers about our B2B stablecoin platform, services, regulations, and how we support global trade finance professionals.

7 Key Questions
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COMMON QUESTIONS

Find answers to the most frequently asked questions about our professional services

Is Haycen's services available for retail users?

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No, Haycen is only available to businesses and regulated entities.

Does Haycen offer supporting services?

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Yes Haycen offers users digital asset wallets and accounts as a service for clients and their counterparties.

What is the Haycen stablecoin?

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Haycen seeks to offer a 1:1 collateralised stablecoin for global B2B users in multiple currencies. It is in the process of applying for a DAB (M) License by the Bermuda Monetary Authority. Once authorised it will begin operations.

What currency stablecoins and chains do you offer?

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USD, EUR, GBP, AUD, CAD and other currencies are available upon request. Haycen is a multi-chain offering.

Can I buy Haycen's stablecoins directly from the crypto currency market?

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No, only Haycen can mint and redeem stablecoins for fiat and all redemption requests have to come from KYC approved clients. Haycen's stablecoins cannot be bought/sold on cryptocurrency exchanges. In further iterations certain approved 3rd parties will be able to redeem Haycen's stablecoins for the fiat.

Does Haycen release attestations and proof of reserves?

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Yes, Haycen releases quarterly attestation reports and regular self reports its proof of reserves.

Where are my deposits held?

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The Northern Trust Company, London Branch (Northern Trust) is Haycen's partner to safeguard fiat deposits. Fiat deposits supporting our stablecoins will be held at Northern Trust in dedicated fiat custody accounts segregated on your behalf. The majority of deposits will sit in low risk money market funds in the currency of the stablecoin; a small portion of the deposits will be held in Northern Trust balance sheet to manage liquidity. Haycen will maintain a record of ownership of all fiat deposits and will be able to identify the ultimate client owners of such deposits at any point. Your deposits will sit separately from Haycen's corporate accounts.

NEED PROFESSIONAL ASSISTANCE?

Our experienced team is ready to help with any questions about our B2B trade finance solutions and stablecoin platform.

CONTACT OUR EXPERTS

Haycen does not provide services or products in jurisdictions where the provision of such requires a license and accordingly makes no offer of any kind (including with respect to digital assets and/or securities) to persons from such jurisdictions. By continuing to view this website, you acknowledge that you are doing so on your own accord, without any solicitation from Haycen.