Delaware, USA, July 4th, 2024,
Chainwire
Hamilton, a startup focused
on real-world asset (RWA) tokenization, announces the tokenization
of the first US Treasury bills on Bitcoin Layer 2 solutions:
Stacks, Core, and BoB marking a significant step in bridging
traditional finance with the Bitcoin ecosystem.
The first transaction kicked off on
America's Independence Day—a symbolic timing underscoring the
project's goal of ushering in a new era of financial freedom.
Hamilton aims to democratize access to stable, government-backed
assets by making traditional financial instruments like Treasury
bills more accessible and tradable within Bitcoin decentralized
finance (DeFi) ecosystems.
This initiative comes amid growing
interest in RWA tokenization from both crypto firms and traditional
financial institutions. According to Boston Consulting Group, the
RWA market is projected to reach $16 trillion by 2030, highlighting
the potential impact of such innovations.
“Combining US Treasury bills with Bitcoin’s security
and transparency marks a historic step towards financial
independence, providing crucial exposure to emerging markets,” said
Kasstawi, CEO & Co-founder of Hamilton.
Real-world assets (RWA) encompass many
tangible assets such as bonds, real estate, funds, and debt.
Tokenizing these assets on Bitcoin enhances transparency,
liquidity, security, and accessibility while reducing costs and
transaction times. According to BCG, RWA is projected to be a
$16 trillion-dollar market
by 2030.
The tokenized Treasury bills will be
available on three prominent Bitcoin Layer 2 solutions: Stacks,
Core, and BoB (Build on Bitcoin). These platforms aim to enhance
Bitcoin's scalability and functionality, enabling Hamilton to offer
flexible, fast, and cost-effective tokenized RWAs while leveraging
Bitcoin's renowned security. Tokenization increases transparency,
liquidity, and accessibility while reducing costs and transaction
times.
Industry leaders have expressed enthusiasm for the
project. Brendon Sedo, an initial contributor to Core DAO, said,
“Seeing US Treasury bills tokenized on the Core Chain is a
significant milestone. By leveraging Bitcoin’s security and the
scalability of Core, we are helping bridge the gap between
traditional finance and Web3.”
Emphasizing the potential of Bitcoin and Ethereum's
strengths, Alexei Zamyatin, Co-founder of BoB, said, “Tokenizing US
Treasury bills on BoB leverages the combined power of Bitcoin and
Ethereum to drive financial innovation and liquidity.”
Real-world asset tokenization involves
creating digital representations of tangible assets like bonds,
real estate, and debt on blockchain networks. Once tokenized, these
assets can be swapped, transferred, and leveraged in DeFi
ecosystems, creating new opportunities and liquidity between
traditional and crypto assets.
Hamilton integrates traditional finance
with decentralized finance, advancing the crypto sector’s mission
to democratize financial opportunities and enhance inclusivity in
financial systems. The tokenized Treasury bills are expected to be
available soon on Hamilton's platform, potentially opening new
avenues for financial innovation and inclusivity in the rapidly
evolving landscape of digital assets.
About Hamilton
Hamilton is the first RWA protocol on
Bitcoin dedicated to integrating traditional financial instruments
with Bitcoin’s security and transparency.
For more information, users can visit
hamiltonrwa.com.
Contact
media@hamiltontreasury.com
Socials:
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Legal Disclaimer: This
press release is for informational purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy
any securities.
Contact
Marketing
Hamilton
Hamilton
media@hamiltontreasury.com