Hamilton Launches Tokenized U.S. Treasury Bonds Based on Bitcoin’s Layer 2 Network

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Cointime2024/07/05 01:13

By:Cointime

The cryptocurrency startup Hamilton has launched tokenized US Treasury bonds (HUST) on the Bitcoin layer 2 blockchain, with the first transaction completed on July 4th. HUST will be used on Bitcoin layer 2 solutions such as Stacks, Core, and BoB. Hamilton claims this is a first, combining the stability of the Bitcoin network with the reliability of the US dollar to provide returns superior to stablecoins. Hamilton CEO Kasstawi said this marks an important step towards financial independence, providing critical investment opportunities for emerging markets. The total locked value of tokenized real-world assets (RWAs) has reached $8 billion, benefiting from the scalability and functionality improvements of the Bitcoin layer 2 network.

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