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Hamilton Launches Tokenized US Treasury Bonds Based on Bitcoin Layer 2 Network

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2024-07-04 23:03:43
Crypto startup Hamilton has launched a tokenized US Treasury (HUST) on the Bitcoin second-layer blockchain, with the first transaction completed on July 4. HUST will be used on Bitcoin second-layer solutions such as Stacks, Core, and BoB.
Hamilton called it a first, combining the stability of the Bitcoin network with the reliability of the U.S. dollar to deliver better returns than stablecoins. Hamilton CEO Kasstawi said the move marks an important step in financial independence, providing key investment opportunities for emerging markets. Tokenized real-world assets (RWAs) have a total lock-in value of $8 billion, benefiting from the scalability and functionality of Bitcoin's two-layer network.
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