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Hamilton Tokenizes First US Treasuries on Bitcoin Layer 2 Solutions
Hamilton, a startup specializing in the tokenization of real-world assets (RWA), has announced the tokenization of the first US Treasury bonds on Bitcoin Layer 2 solutions, aiming to create a bridge between traditional finance and the Bitcoin ecosystem.
The company launched its tokenized Treasury bills, called Hamilton US T-Bills (HUST), on three Bitcoin Layer 2 platforms: Stacks, Core, and BoB (Build on Bitcoin). The first transaction took place on July 4, 2024, symbolizing financial independence.
Tokenized Treasury bills, known as Hamilton US T-Bills (HUST), will soon be available on the Hamilton platform. According to Boston Consulting Group, the RWA market is expected to reach $16 trillion by 2030.
RWA tokenization involves developing a form of digital token for tangible assets on blockchain platforms. Once tokenized, these assets can be easily traded and used in DeFi protocols and improve interoperability between traditional and digital assets.
Brendon Sedo, an early contributor to Core DAO, highlighted the importance of tokenizing US Treasuries on the Core Chain. He said that this development contributes to the convergence of traditional monetary systems with Web3.
Alexei Zamyatin, co-founder of BoB, highlighted the potential of combining the strengths of Bitcoin and Ethereum. He said that tokenizing US Treasuries on BoB leverages the strengths of both networks to enhance financial change and depth.
Hamilton’s CEO and co-founder, who has been given the name simply as Kasstawi, noted that the combination of U.S. Treasuries with the secure, open-source nature of Bitcoin represents a historic step toward freedom from financial oppression.
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