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 taking place from an anti-crypto administration to at least one 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, resembling 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 achieve $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,” mentioned 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 limitations to monetary entry by providing low-cost, steady monetary merchandise in rising markets, the place foreign money devaluation and financial instability usually restrict alternatives for development 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, guaranteeing 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 big 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,” mentioned 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 laptop 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.
