A new crypto startup, Hamilton, has launched tokenized US Treasury bonds on Bitcoin layer-2 blockchains. This innovative launch is claimed to be the first of its kind.
Hamilton’s tokenized US Treasury bonds, called Hamilton U.S. T-Bills (HUST), will be available on the Stacks, Core, and BoB (Build on Bitcoin) Bitcoin layer-2 solutions. According to a company statement, the first transaction with HUST occurred on July 4.
Combining Bitcoin’s Stability with a Reliable Yield
The use of Bitcoin layer–2 decentralized finance ecosystems combines the stability of the Bitcoin network with the reliability of the US dollar. Bitcoin layer–2 solutions enhance the network’s scalability and functionality. Hamilton’s co-founder and CEO, Kasstawi, said:
“Combining US Treasury bills with Bitcoin’s security and transparency marks a historic step towards financial independence, providing crucial exposure to emerging markets.”
The Hamilton executive referred to as Kasstawi, is known in the blockchain space as Mohamed Elkasstawi.
Summary Review: The launch of HUST represents a significant step in merging traditional financial instruments with the advanced security and transparency of blockchain technology. This innovative approach could provide investors with a stable and reliable yield while leveraging the robustness of the Bitcoin network.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
