Investment in Hamilton reaches $1.7 million for tokenizing real-world assets (RWAs) across MENA using Bitcoin technology
In the dynamic world of fintech, a new player is making waves in the Middle East and North Africa (MENA) region - Hamilton, a startup founded in 2024, with a mission to democratize access to institutional-grade investments.
Hamilton's core function is to tokenize real-world assets (RWA), such as treasury bills, sukuk, and real estate, on Bitcoin. This innovative approach leverages Bitcoin’s security and decentralization to provide global access to these financial products. The startup operates primarily in the MENA region, with a significant focus on the United Arab Emirates.
The company's Co-Founder and Partner, Malek Sultan, stated that investments in gold, Treasury bills, and fixed income products have traditionally been exclusive to individuals and institutions with millions in capital. However, with Hamilton, anyone, anywhere in the world, can participate in these investments with just one dollar through tokenization.
Hamilton has already made strides in its mission, having completed its first transaction on July 4, 2024, by tokenizing U.S. Treasury bills on Bitcoin Layer 2 solutions like Stacks, Core, and BoB.
The startup has raised $1.7 million in a pre-seed round, with the funding led by DisrupTech Ventures and supported by CMS, DeSpread, Hyperithm, Core Ventures, and other investors. Hamilton is recognised as part of a portfolio in the UAE Web3 VC ecosystem, indicating backing and investment from active venture capital funds in the blockchain and crypto space within the region.
Looking ahead, Hamilton aims to expand the reach of tokenized RWAs by building on Bitcoin’s unmatched security and decentralization. This includes providing infrastructure and protocols to issue, trade, and manage tokenized RWAs aligned with institutional standards.
Mohamed Elkasstawi, CEO of Hamilton, stated that Bitcoin is the foundational layer of future capital markets, providing unparalleled security, decentralization, and resilience to democratize access to capital markets for everyone, everywhere.
In the MENA region, the Real Asset Waters (RWA) market is projected to reach $30 trillion by 2030. With Hamilton's innovative approach, the startup is poised to make a significant impact in this burgeoning market.
For further developments and updates on Hamilton, it would be beneficial to keep a close eye on their official announcements and partnerships.
Hamilton, through its innovative approach, leverages Bitcoin's security and decentralization to provide global access to tokenized real-world assets like Treasury bills, allowing anyone, anywhere in the world, to participate in investing in these financial products, not just individuals and institutions with substantial capital.
Moreover, as Bitcoin is seen as the foundational layer of future capital markets by Hamilton's CEO, Mohamed Elkasstawi, and the company recognizes the potential of the Real Asset Waters market in the MENA region, anticipated to reach $30 trillion by 2030, investing in Bitcoin-based startups like Hamilton that focus on tokenizing RWAs could be a significant avenue for technology-oriented investors in the coming years.
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