Summary:
Hamilton raises $1.7 million to tokenize real-world assets on Bitcoin.
The protocol aims to bridge traditional finance with blockchain innovation.
Three flagship offerings include HUSD, HUST, and Publius.
Focus on making financial products accessible in emerging markets.
Elkasstawi emphasizes Bitcoin as the foundation for future global finance.
Hamilton's Groundbreaking Funding Announcement
Hamilton, a pioneering protocol focused on tokenizing real-world assets (RWA) on the Bitcoin blockchain, has successfully raised $1.7 million in a pre-seed funding round. This announcement coincided with a significant political event—the inauguration of Donald Trump—marking a potential shift towards a more crypto-friendly administration in the U.S.
Bridging Traditional Finance and Bitcoin
Hamilton aims to merge traditional finance with the world of Bitcoin, making tokenized assets like fixed income, funds, and real estate accessible to both institutions and individuals globally. The funding round was led by DisrupTech Ventures, with participation from several strategic investors including CMS, DeSpread, Hyperithm, and Core Ventures.
Cofounded by Mohamed Elkasstawi and Ehab Zaghloul, Hamilton leverages Bitcoin’s robust security and decentralization to facilitate the tokenization of real-world assets. With the RWA market projected to reach $30 trillion by 2030, Hamilton is focused on enhancing financial product accessibility, particularly in emerging markets.
Innovations and Offerings
Hamilton is launching three flagship offerings:
- HUSD: The first native stablecoin on Bitcoin, backed by U.S. Treasury bills.
- HUST: Tokenized U.S. Treasuries.
- Publius: A platform enabling financial institutions to tokenize any asset on Bitcoin.
These products aim to provide seamless access to capital markets, especially in regions facing economic instability.
A Vision for Financial Independence
Elkasstawi stated, "Bitcoin isn’t just digital gold. It’s the foundational layer for the future of global finance." Hamilton’s solutions are designed to address systemic barriers to financial access, offering low-cost, stable financial products in emerging markets.
The protocol's inaugural transaction, which successfully tokenized U.S. Treasury bills on Bitcoin Layer 2 solutions such as Stacks, Core, and BoB, occurred on July 4, 2024—a date symbolizing America's Independence Day.
Democratizing Investment Opportunities
Malek Sultan from DisrupTech Ventures emphasized that Hamilton is democratizing access to investments traditionally reserved for the wealthy. With a focus on emerging markets across Latin America, Africa, and Southeast Asia, Hamilton is set to offer institutional-grade investment opportunities through its innovative products.
Legal Disclaimer: This company stated that their press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
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