Hamilton, a protocol specializing in tokenizing real-world belongings (RWA) on Bitcoin, has raised a $1.7 million pre-seed funding spherical.
It’s most likely no accident it’s being introduced on the day of Donald Trump’s inauguration within the U.S., the place there’s a shift occurring from an anti-crypto administration to at least one that’s anticipated to be extra sympathetic.
Hamilton, whose imagery consists of laser eyes popping out of Andrew Hamilton’s face, is bringing conventional finance to Bitcoin, making tokenized real-world belongings, comparable to fastened earnings, funds, and actual property, accessible to establishments and people worldwide.
Led by DisrupTech Ventures, the deal included participation from buyers CMS, DeSpread, Hyperithm, Core Ventures, and different strategic buyers.
The protocol was cofounded by Mohamed Elkasstawi and Ehab Zaghloul, who collectively convey over a decade of expertise constructing blockchain-integrated fintech platforms for rising markets. Hamilton leverages Bitcoin’s unmatched safety and decentralization to tokenize real-world belongings. With the RWA market projected to succeed in $30 trillion by 2030, Hamilton is constructing a protocol to make monetary merchandise extra accessible and inclusive globally, beginning with rising markets.
“Bitcoin isn’t just digital gold. It’s the foundational layer for the future of global finance,” stated Elkasstawi, CEO of Hamilton, in a press release. “By building on the most trusted ledger with 99.99% uptime over nearly 15 years, we’re bridging traditional finance with Bitcoin, democratizing access to capital markets for everyone, anywhere.”
Hamilton’s options handle systemic obstacles to monetary entry by providing low-cost, secure monetary merchandise in rising markets, the place foreign money devaluation and financial instability typically restrict alternatives for progress and monetary safety.
Hamilton is launching three flagship choices: HUSD, the primary native stablecoin on Bitcoin backed by U.S. Treasury payments; HUST, tokenized U.S. Treasuries; and Publius, a platform empowering monetary establishments to tokenize any asset on Bitcoin, making certain safe placement on the world’s most decentralized community. These choices present establishments and people with seamless entry to capital markets.
The corporate stated the protocol’s inaugural transaction, accomplished on July 4, 2024, marked a major milestone by tokenizing U.S. Treasury payments on Bitcoin Layer 2 options Stacks, Core, and BoB. The timing, coinciding with America’s Independence Day, displays Hamilton’s imaginative and prescient of advancing monetary independence and innovation by means of decentralized finance (DeFi).
“Investments in gold, Treasury bills, and fixed income products have traditionally been exclusive to individuals and institutions with millions in capital. Hamilton is breaking down these barriers through tokenization, enabling anyone, anywhere in the world, to participate in these institutional-grade investments with just one dollar,” stated Malek Sultan, cofounder and companion of DisrupTech Ventures, in a press release.
Centered on rising markets throughout Latin America, Africa, and Southeast Asia, Hamilton bridges conventional finance with blockchain innovation, providing institutional-grade funding alternatives by means of its flagship merchandise.
Kasstawi holds a B.S. in engineering administration, whereas Zaghloul holds a Ph.D. in pc engineering from Michigan State College specializing in blockchain safety and cryptography.
Authorized Disclaimer: This firm stated their press launch is for informational functions solely and doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any securities.
