Hamilton has introduced the tokenization of U.S. Treasury bills on Bitcoin’s layer two (L2) platforms, heralding a significant advancement in connecting conventional finance with Bitcoin’s decentralized finance (DeFi) sector. This initiative aims to boost financial accessibility and liquidity within the Bitcoin ecosystem.
U.S. Treasury Bills Tokenized on Bitcoin’s L2s
Hamilton, a startup specializing in real-world asset (RWA) tokenization, has launched the tokenization of U.S. Treasury bills on Bitcoin Layer 2 solutions—Stacks, Core, and BoB—effective July 4, 2024. This move represents a crucial stride in integrating traditional financial instruments with Bitcoin’s security and transparency.
The project’s goal is to enhance the accessibility and tradability of government-backed assets within Bitcoin’s DeFi ecosystem. Hamilton informed Bitcoin.com News that by leveraging Bitcoin’s L2 solutions, they aim to improve scalability, cut costs, and amplify asset liquidity. Citing a Boston Consulting Group report predicting the RWA market to reach $16 trillion by 2030, Hamilton underscores the potential impact of its initiative.
Hamilton’s T-bill transfer on BoB.
An initial contributor to Core DAO, Brendon Sedo, described the tokenization of U.S. Treasury bills on the Core chain as a significant milestone, harnessing Bitcoin’s security and Core’s scalability to bridge the gap between traditional finance and Web3. Alexei Zamyatin, co-founder of BoB, highlighted how this tokenization leverages the strengths of Bitcoin and Ethereum to drive financial innovation.
Kasstawi, CEO and co-founder of Hamilton, emphasized, “Tokenizing U.S. Treasury bills on BoB merges Bitcoin and Ethereum’s capabilities to drive financial innovation and enhance liquidity.”
The tokenized Treasury bills will soon be accessible on Hamilton’s platform, as detailed in the recent announcement. Kasstawi expressed to Bitcoin.com News that combining Bitcoin’s security with tokenized T-notes represents a historic leap towards financial autonomy.
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