Investor Hamilton secures $1.7 million in funding to transform real-world assets within the MENA region into digital assets using the Bitcoin network
Hamilton, a groundbreaking protocol for turning real-world assets in the Middle East and North Africa (MENA) region into digital tokens on Bitcoin, has successfully secured $1.7 million in a pre-seed funding round.
Founded in 2024 by Mohamed Elkasstawi and Ehab Zaghloul, both with backgrounds in blockchain and fintech, particularly in emerging markets, Hamilton aims to address financial access barriers in MENA markets. The startup's vision is to make institutional-grade investments accessible to individuals and institutions worldwide, with a particular focus on emerging markets in the MENA region.
The funds raised will be used to further develop the protocol and expand its offerings in the MENA region. Hamilton is set to offer three main products: 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.
Hamilton has already completed its first transaction, tokenizing U.S. Treasury bills on Bitcoin Layer 2 solutions including Stacks, Core, and BoB. This marks a significant step towards democratizing access to institutional-grade investments, as anyone, anywhere in the world, can now participate with just one dollar, according to Malek Sultan, Co-Founder and Partner of DisrupTech Ventures.
Currency devaluation and economic instability often limit growth and financial security in MENA markets. However, Hamilton is breaking down these barriers through tokenization, enabling a more secure and accessible financial system.
The RWA market is projected to reach $30 trillion by 2030, making it an attractive target for innovative financial solutions. Hamilton's entry into the MENA market comes at a time when there is growing integration between traditional finance and crypto, as exemplified by UAE bank RAKBANK enabling retail crypto trading via Bitpanda.
The funding round was led by Egyptian fintech-focused VC DisrupTech Ventures, with participation from CMS, DeSpread, Hyperithm, Core Ventures, and other investors. This investment underscores the potential of Hamilton's approach to financial inclusion and the growing interest in Bitcoin-based asset tokenization.
As of now, there currently appears to be no publicly available detailed information about Hamilton as a tokenization protocol on Bitcoin for real-world assets in the MENA region from the provided search data. If Hamilton exists as such a protocol, the available sources do not cover it as of this date. Further specialized or direct sources beyond these search results would be needed to provide more information.
Mohamed Elkasstawi, CEO of Hamilton, stated that Bitcoin isn't just digital gold, but the foundational layer of future capital markets. This bold vision, coupled with the success of its pre-seed funding round, positions Hamilton as a key player in the evolving world of Bitcoin-based asset tokenization.
Investing in Hamilton, a protocol that transforms real-world assets in the MENA region into digital tokens on Bitcoin, is attracting interest due to its focus on democratizing access to institutional-grade investments, particularly in emerging markets. The startup aims to create a platform for financial institutions to tokenize assets on Bitcoin, offering products like HUSD, HUST, and Publius, with a vision to expand in the MENA region.
With the growing integration between traditional finance and crypto, Hamilton's approach to financial inclusion, as exemplified by its successful pre-seed funding round, underscores the potential of Bitcoin-based asset tokenization, especially in the context of the $30 trillion real-estate market projected to be reached by 2030. This could revolutionize finance and business, further integrating technology into real-estate investing.
