Hamilton Raises $1.7M to Tokenize Real-World Assets on Bitcoin, Targets Emerging Markets
January 21, 2025These offerings are designed to bridge global financial markets with the Bitcoin network, providing access to capital markets for both retail and institutional investors.
Hamilton, a protocol focused on tokenizing real-world assets on the Bitcoin network, has successfully raised $1.7 million in a pre-seed funding round.
The funding round was led by DisrupTech Ventures, with participation from notable investors including CMS, DeSpread, Hyperithm, and Core Ventures.
Elkasstawi stated that Bitcoin serves as the foundational layer for future capital markets, emphasizing its reliability and security.
Hamilton aims to connect traditional finance with Bitcoin, making tokenized assets like fixed income, funds, and real estate accessible to both institutional and individual investors globally.
This funding announcement coincides with Donald Trump's inauguration, indicating a potential shift in U.S. administration attitudes towards cryptocurrency.
The company is launching three flagship products: HUSD, a stablecoin backed by U.S. Treasury bills; HUST, which involves tokenized U.S. Treasuries; and Publius, a platform for tokenizing assets on Bitcoin.
Hamilton aims to offer low-cost, stable financial products designed to address challenges in emerging markets affected by currency devaluation and economic instability.
The protocol specifically targets emerging markets in Latin America, Africa, and Southeast Asia, providing blockchain-backed financial opportunities.
Co-Founder Malek Sultan emphasized that Hamilton democratizes investments in traditionally exclusive assets, allowing participation with as little as one dollar.
Founders Mohamed Elkasstawi and Ehab Zaghloul highlighted the need for timely and globally accessible financial products to cater to diverse markets.
With the real-world asset market projected to reach $30 trillion by 2030, Hamilton is strategically positioned to capitalize on this growth.
Summary based on 2 sources
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Sources
VentureBeat • Jan 19, 2025
Hamilton raises $1.7M to tokenize real-world assets on BitcoinBeInCrypto • Jan 21, 2025
Hamilton Raises $1.7 Million for Bringing Real-World Asset Tokenization to Bitcoin