Core

2024

Bitcoin

DeFi

Hamilton, a startup specializing in real-world asset (RWA) tokenization, has announced the tokenization of the first US Treasury bills on Bitcoin Layer 2 solutions aiming to bridge traditional finance with the Bitcoin ecosystem. 
The company launched its tokenized Treasury bills, called Hamilton U.S. T-Bills (HUST), on three Bitcoin Layer 2 platforms: Stacks, Core, and BoB (Build on Bitcoin). The first transaction occurred on July 4, 2024, symbolizing financial independence. 
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 1/8 Exciting news 🚀 We have tokenized the first US Treasury bills (HUST) on leading Bitcoin Layer 2s: <a href="https://twitter.com/Stacks?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Stacks</a>, <a href="https://twitter.com/Coredao_Org?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Coredao_Org</a>, and <a href="https://twitter.com/build_on_bob?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@build_on_bob</a>! Hamilton is building the first <a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#RWA</a> on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a>. We’re bringing financial independence on Independence Day 🎆🇺🇸🟧 <a href="https://t.co/Dcjt7URb2M" target="_blank">pic.twitter.com/Dcjt7URb2M</a>— Hamilton (@Hamilton_RWA) <a href="https://twitter.com/Hamilton_RWA/status/1808894692601270619?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 4, 2024</a>
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The tokenized Treasury bills, known as Hamilton US T-Bills (HUST), will soon be available on Hamilton’s platform. According to Boston Consulting Group, the RWA market is projected to reach $16 trillion by 2030. ​ 
RWA tokenization entails developing a form of digital token for tangible assets on blockchain platforms. Once tokenized, these assets can be easily exchanged and used in DeFi protocols, and improve the interoperability between traditional and digital assets. 
Brendon Sedo, an initial contributor to Core DAO, emphasized the significance of tokenizing US Treasury bills on the Core Chain. He said that such development contributes to the convergence of traditional monetary systems with Web3. 
Alexei Zamyatin, Co-founder of BoB, highlighted the potential of combining Bitcoin and Ethereum’s strengths. He said that tokenizing US Treasury bills on the BoB taps the strength of both networks to enhance financial change and depth. 
Hamilton’s CEO and Co-founder whose name was given simply as Kasstawi observed that blending US Treasury bills with Bitcoin’s secure and open source nature is a historical move towards freedom from financial oppression.

Hamilton Tokenizes First US Treasury Bills on Bitcoin Layer 2 Solutions

The Crypto Times

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