Investment in Hamilton surpasses $1.7 million for tokenizing tangible assets in the MENA region on the Bitcoin platform
In a groundbreaking move, Hamilton, a startup based in the MENA region, has announced the launch of three innovative products aimed at revolutionizing the financial landscape. The company, which was founded by Mohamed Elkasstawi and Ehab Zaghloul in 2024, has recently completed a pre-seed funding round, securing $1.7 million to further develop its protocol and expand its offerings.
The funding round was led by Egyptian fintech-focused VC DisrupTech Ventures, with participation from CMS, DeSpread, Hyperithm, Core Ventures, and other investors. Malek Sultan, Co-Founder and Partner of DisrupTech Ventures, expressed his excitement about the potential of Hamilton, stating, "We believe Hamilton has the potential to address financial access barriers in MENA markets and democratize access to institutional-grade investments."
Hamilton's main products include HUSD, a Bitcoin-native stablecoin backed by U.S. Treasury bills; HUST, tokenized U.S. Treasuries; and Publius, a platform for financial institutions to tokenize assets on Bitcoin. The startup aims to make these investments accessible to individuals and institutions worldwide, with a particular focus on emerging markets in the MENA region.
Elkasstawi, CEO of Hamilton, highlighted the significance of Bitcoin in this endeavour, stating, "Bitcoin isn't just digital gold, but the foundational layer of future capital markets." He emphasized the unparalleled security, decentralization, and resilience of Bitcoin, making it ideal for democratizing access to capital markets for everyone, everywhere.
The RWA market, which is projected to reach $30 trillion by 2030, is ripe for disruption. Hamilton's entry into the market aims to break down barriers that have traditionally limited gold, Treasury bills, and fixed income product investments to individuals and institutions with millions in capital. With tokenization, Hamilton enables anyone, anywhere in the world, to participate in these institutional-grade investments with just one dollar.
Hamilton has already made strides in this direction, having completed its first transaction on July 4, 2024, by tokenizing U.S. Treasury bills on Bitcoin Layer 2 solutions including Stacks, Core, and BoB. The company's founders bring significant expertise in blockchain and fintech, particularly in emerging markets, to this endeavour.
With this funding, Hamilton is poised to make a significant impact in the MENA region and beyond, democratizing access to capital markets and fostering financial inclusion for all.
Investors like DisrupTech Ventures, CMS, DeSpread, Hyperithm, Core Ventures, and others, are intrigued by Hamilton's vision of democratizing access to institutional-grade investments, particularly in the MENA region. This is facilitated by Hamilton's use of technology, such as their Bitcoin-native stablecoin HUSD, tokenized U.S. Treasuries HUST, and the asset tokenization platform Publius.
