Hamilton, a protocol specializing in tokenizing real-world property (RWA) on Bitcoin, has raised a $1.7 million pre-seed funding spherical.
It’s in all probability 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 1 that’s anticipated to be extra sympathetic.
Hamilton, whose imagery contains laser eyes popping out of Andrew Hamilton’s face, is bringing conventional finance to Bitcoin, making tokenized real-world property, 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 deliver 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 property. 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 simply digital gold. It’s the foundational layer for the way forward for international finance,” mentioned Elkasstawi, CEO of Hamilton, in an announcement. “By constructing on probably the most trusted ledger with 99.99% uptime over practically 15 years, we’re bridging conventional finance with Bitcoin, democratizing entry to capital markets for everybody, wherever.”
Hamilton’s options handle systemic limitations 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 mentioned 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 way of decentralized finance (DeFi).
“Investments in gold, Treasury payments, and stuck earnings merchandise have historically been unique to people and establishments with hundreds of thousands in capital. Hamilton is breaking down these limitations by way of tokenization, enabling anybody, wherever on the earth, to take part in these institutional-grade investments with only one greenback,” mentioned Malek Sultan, cofounder and companion of DisrupTech Ventures, in an announcement.
Centered on rising markets throughout Latin America, Africa, and Southeast Asia, Hamilton bridges conventional finance with blockchain innovation, providing institutional-grade funding alternatives by way 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 mentioned 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.
