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Startup Hamilton Pioneers Tokenisation of US Treasury Bills Using Bitcoin
- Tokenised RWAs have come to the Bitcoin ecosystem through a startup called Hamilton that tokenised US Treasury bills on Bitcoin’s Layer 2 platform.
- The company describes the product as a milestone in merging traditional financial instruments with Bitcoin’s secure decentralised ecosystem.
Tokenisation Real-world asset (RWA) tokenisation startup Hamilton has tokenised US Treasury bills on a number of layer 2s in the Bitcoin ecosystem for the first time, including Stacks, Core and BoB.
Hamilton’s US T-bills tokenised product, known as HUST, is currently live on the three Layer 2s and will soon be available on Hamilton’s platform. The company said it would also launch soon on layer 2s including Arch Network, Botanix Labs, Bitlayer, Citrea, BEVM, and Mezo.
The company said in a statement on social media:
We’re bringing transparency, stability, and liquidity to financial systems in emerging markets where high currency devaluation creates economic instability—all by leveraging the reliability of the US dollar and the security of Bitcoin.
Hamilton Related: RWA Tokenisation on the Horizon: Understanding Its Impact
Product to Target Institutions In Emerging Markets
Hamilton co-founder and CEO Mohamed Elkasstawi said HUST would be aimed at institutions across Latin America, EMEA, and APAC regions. He said recent crises in the banking and fintech space—such as the collapse of Silicon Valley Bank and Credit Suisse, and FTX’s failure—highlight the vulnerabilities of TradFi and underscore the need for decentralised solutions.
“In my decade-long journey serving startups and businesses in LatAm and MENA, I’ve seen firsthand the challenges these regions face with currency instability,” he said.
By offering tokenized US T-bills, Hamilton provides institutions with a better way to manage treasuries and preserve value, helping avoid the pitfalls that have plagued traditional finance.
Mohamed Elkasstawi, Hamilton CEO Related: Deloitte Report: Tokenisation Could Unlock Trillions of Dollars in Value
RWAs Already Being Adopted At Scale, More Growth Predicted
A June report from consulting firm McKinsey said that with the increasing roll-out of tokenised bond/fund products, the benefits of tokenised RWAs were “being realized today, with the first at-scale applications transacting trillions of dollars of assets on-chain per month.”
Related: Franklin Templeton CEO Highlights Cost Benefits of Tokenisation, Says All ETFs Will Be on Blockchain
McKinsey predicts the tokenised RWA market cap will reach $2 trillion by 2030, and potentially $4 trillion in a bullish scenario—driven mainly by a ‘first wave’ that includes tokenised cash/deposits, bonds, ETNs/ETFs, mutual funds, as well as loans and securitisation.
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Author
Jody McDonald
Jody is a Brisbane-based freelance writer who specialises in writing about business, technology, and the future of work.
