Introducing GBPdm, the first of Haycen’s wholesale issuance stablecoins for B2B markets and venues.

The first in a number of non-USD currencies Haycen plans to launch, GBPdm is aimed at regulated entities, corporates, institutional users and other B2B participants to underpin their tokenisation initiatives, create dynamic commercial models and transition into the next phase of the global financial system.

For users, the Digital Money “dm” stablecoin brand offers:

· Instant access to utilize cross border and intra company payments

· Regulated AAA credit rated yield on holdings

· Reduced reliance on inefficient global settlement rails

Why wholesale?

When we consider how the stablecoin market is developing, we see a mismatch between institutional demands and current stablecoin business models, particularly in the following:

1. Stablecoins intertwined with retail crypto trading

2. The underlying economics hived off for the benefit of the issuer

With Haycen’s wholesale issuance brand, regulated venues and B2B users can access stablecoins directly from Haycen. We share the underlying economics with clients (subject to approval) and provide detailed assurances that reserves, liquidity and high operational standards are met, all based on the supervisory regime offered by Bermuda’s Monetary Authority who have been regulating digital assets since 2018.

As we develop our stablecoin business into the global trade vertical, we have found that chief among the current gaps in the market is a safe and transparent way to access and use high quality stablecoins in multiple currencies. We believe that by launching the ‘dm” brand alongside our global trade offering, Haycen can stimulate usage through wholesale distribution, making it easier for regulated venues to upscale into stablecoins and set the path for faster adoption.

First off is the UK. We believe the UK digital asset market needs a high quality, secure and regulated GBP stablecoin. We will be announcing our launch partners in due course. This is an opportunity to service untapped demand and test the most effective rollout strategies for non USD stablecoins into institutional and B2B markets.

For more information contact us at sales@haycen.com