Hamilton raises $1.7 million pre-seed to tokenize real-world property (RWAs) in MENA on Bitcoin 

Hamilton, a protocol that gives expertise for turning real-world property in MENA into digital tokens on Bitcoin, has raised $1.7 million in a pre-seed spherical. The funding was led by Egyptian fintech-focused VC DisrupTech Ventures, with assist from CMS, DeSpread, Hyperithm, Core Ventures, and different buyers, the corporate introduced earlier this week.

Based in 2024 by Mohamed Elkasstawi and Ehab Zaghloul, Hamilton is constructing a protocol to tokenize real-world property together with treasury payments, sukuk, and actual property on Bitcoin. The startup goals to make institutional-grade investments accessible to people and establishments worldwide, with a selected concentrate on rising markets within the MENA area.

The protocol has already achieved a big milestone by finishing its first transaction on July 4, 2024, tokenizing U.S. Treasury payments on Bitcoin Layer 2 options together with Stacks, Core, and BoB.

Hamilton is launching three major merchandise: HUSD, a Bitcoin-native stablecoin backed by U.S. Treasury payments; HUST, tokenized U.S. Treasuries; and Publius, a platform for monetary establishments to tokenize property on Bitcoin.

Mohamed Elkasstawi, CEO of Hamilton, stated, “Bitcoin isn’t simply digital gold—it’s the foundational layer of future capital markets. With unparalleled safety, decentralization, and resilience, Bitcoin gives the best infrastructure to democratize entry to capital markets for everybody, in every single place.”

The startup goals to deal with monetary entry boundaries in MENA markets, the place forex devaluation and financial instability usually restrict progress and monetary safety. The RWA market is projected to achieve $30 trillion by 2030, in response to the assertion.

“Investments in gold, Treasury payments, and glued earnings merchandise have historically been unique to people and establishments with thousands and thousands in capital. Hamilton is breaking down these boundaries by tokenization, enabling anybody, wherever on this planet, to take part in these institutional-grade investments with only one greenback,” stated Malek Sultan, Co-Founder and Accomplice of DisrupTech Ventures.

The founders carry important experience to the venture, with backgrounds in blockchain and fintech, notably in rising markets. The contemporary funds shall be used to additional develop the protocol and broaden its choices within the MENA RWA area on Bitcoin.

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