Reap has integrated USYC, a tokenized money market fund backed by U.S. Treasury assets, into its Reap Direct platform, allowing businesses to earn yield on idle balances while maintaining liquidity for day-to-day operations.
The update enables companies to access Treasury-backed returns directly within their existing accounts, removing the need to move funds across multiple providers. Through a single interface, users can now manage treasury functions, process payments, and maintain operational flexibility.
Treasury yield moves onchain
USYC, issued by Circle, has grown to around $3 billion in circulation as of June 2026, up from about $2.9 billion the previous month. It is among the largest tokenized funds offering onchain exposure to short-term U.S. government securities.
The broader market for tokenized U.S. Treasury products has expanded দ্রুত to roughly $16 billion by May 2026, making it the largest segment within the $34 billion tokenized asset sector.
Reap expands financial stack
The integration strengthens Reap Direct’s treasury layer, which already supports corporate spending, card issuance, and cross-border transfers across fiat and stablecoin systems. USDC remains a core component of its infrastructure.
Co-founder Guo said the addition builds on Reap’s original goal of helping businesses operate efficiently using stablecoins, now extending that capability to include embedded yield. Circle Vice President Mizuhara noted that such integrations reflect how tokenized, yield-bearing assets are moving into mainstream financial platforms.
Growth driven by digital treasury demand
The move comes amid rapid expansion in digital treasury products. Yield-bearing stablecoins grew from $9.5 billion at the start of 2025 to more than $20 billion by the end of the year, according to AlphaPoint.
Tokenized real-world assets are also scaling quickly, with projections from BCG and Ripple estimating growth from $0.6 trillion today to $18.9 trillion by 2033, representing a 53% compound annual growth rate.
In early 2026, tokenized treasuries added $2.12 billion in market value within two months, surpassing the $1.19 billion growth recorded by stablecoins in the same period. This shift highlights rising demand for yield-generating digital dollar instruments rather than passive holdings.
Strategic backdrop and company growth
Reap recently agreed to be acquired by Payward, the financial infrastructure firm associated with Kraken. The deal, pending regulatory approval expected later in 2026, positions the company within a broader effort to connect digital asset settlement with traditional financial systems.
The Hong Kong-founded firm reported that it tripled annual revenue and transaction volumes خلال 2025, driven by adoption of its stablecoin-based infrastructure. With roughly 300 employees globally, Reap continues to focus on regulated, scalable systems that unify payments, treasury management, and digital asset services.
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