Hamilton, a new protocol focused on tokenizing real-world assets on Bitcoin, has recently secured $1.7 million in pre-seed funding. Announced during a significant political moment in the U.S., Hamilton aims to make financial products like U.S. Treasury bills and real estate more accessible globally, especially in emerging markets. Co-founded by experienced fintech leaders Mohamed Elkasstawi and Ehab Zaghloul, the protocol leverages Bitcoin’s security to democratize investment opportunities. With its flagship products, Hamilton is breaking down barriers in traditional finance, allowing anyone to invest in institutional-grade assets with minimal capital. The company envisions a future where decentralized finance empowers individuals and fosters financial independence worldwide.
Hamilton Protocol Secures $1.7 Million to Tokenize Real-World Assets on Bitcoin
Hamilton, a cutting-edge protocol focusing on the tokenization of real-world assets (RWA) on the Bitcoin blockchain, successfully raised $1.7 million in a pre-seed funding round. This news coincides with a significant transition in the U.S. government’s stance towards cryptocurrency, expected to support the crypto industry more favorably than before.
The company’s mission is to bridge traditional finance with Bitcoin, enabling institutions and individuals worldwide to access tokenized financial products like fixed income, funds, and real estate. Hamilton’s co-founders, Mohamed Elkasstawi and Ehab Zaghloul, bring over a decade of expertise in blockchain-integrated financial technology, specifically tailored for emerging markets.
DisrupTech Ventures led the funding, with contributions from CMS, DeSpread, Hyperithm, and Core Ventures among others. Elkasstawi articulated the vision, stating, “Bitcoin isn’t just digital gold. It’s the foundational layer for the future of global finance.” He emphasizes how Hamilton leverages Bitcoin’s unmatched security to democratize access to capital markets globally.
Hamilton is focused on launching three flagship products: HUSD, a stablecoin backed by U.S. Treasury bills, HUST, which will tokenize U.S. Treasuries, and a platform called Publius aimed at empowering financial institutions to tokenize any asset on Bitcoin securely. These offerings are anticipated to open doors for investors, especially in emerging markets facing economic instability and currency devaluation.
Through this initiative, Hamilton addresses the inherent barriers in financial access, allowing anyone to invest with as little as one dollar, breaking the traditional monopoly on investments in secure financial products such as gold and Treasury bills.
As the protocol progresses, it completed its inaugural transaction on July 4, 2024, marking a significant achievement by tokenizing U.S. Treasury bills on Bitcoin’s Layer 2 solutions. This timing aligns with Hamilton’s goal to enhance financial independence and innovation through decentralized finance.
By targeting regions like Latin America, Africa, and Southeast Asia, Hamilton not only aims to make financial products more available but also strives to create a more inclusive financial ecosystem worldwide.
In conclusion, Hamilton’s innovative approach and successful funding round herald a promising future for real-world asset tokenization through Bitcoin, potentially transforming access to finance in emerging markets.
Tags: Hamilton Protocol, tokenization, real-world assets, Bitcoin, cryptocurrency, emerging markets, financial inclusion.
What did Hamilton raise money for?
Hamilton raised $1.7 million to create digital tokens for real-world assets on the Bitcoin network. This means they are working to use Bitcoin to help represent physical things, like property or art, in a digital form.
How will tokenizing real-world assets work?
Tokenizing real-world assets means turning those assets into digital tokens. These tokens can be bought, sold, or traded on the Bitcoin network, allowing for easier transactions and ownership tracking.
Why is this important?
This is important because it makes investing and owning assets more accessible. By using Bitcoin, more people can participate in the Market, and it simplifies the process of buying and selling assets.
Who benefits from this project?
Both investors and asset owners will benefit. Investors can find new ways to invest in various assets, while owners can reach a larger audience for their properties or goods.
What does this mean for the future of investing?
This could change the future of investing by making it easier to trade and own assets. It could lead to a more transparent and efficient Market, helping more people get involved in investing.
