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Crypto startup Hamilton has launched tokenized United States Treasury bonds on Bitcoin layer-2 blockchains. The company claims the launch is the first of its kind.&nbsp;
Hamilton U.S. T-Bills (HUST) will be available on the Stacks, Core and BoB (Build on Bitcoin) Bitcoin layer-2 solutions. The first transaction with HUST occurred on July 4, according to a <a href="https://coinmarketcap.com/community/articles/6686936a4a9c8f27d402614a/" target="_blank" rel="noopener nofollow">statement</a>.
<h2 id="the-stability-of-the-btc-network-and-a-yield-better-than-stablecoin">The stability of the BTC network and a yield better than stablecoin</h2>
The use of Bitcoin <a href="https://cointelegraph.com/learn/a-beginners-guide-on-blockchain-layer-2-scaling-solutions">layer-2 decentralized finance</a> ecosystems combines the stability of the Bitcoin network and the reliability of the U.S. dollar, the company stated. Bitcoin layer-2s enhance the network’s scalability and functionality. Hamilton co-founder and CEO Kasstawi said:
<blockquote data-ct-non-breakable="true">
 “Combining US Treasury bills with Bitcoin’s security and transparency marks a historic step towards financial independence, providing crucial exposure to emerging markets.”
</blockquote>
The Hamilton executive was only identified as Kasstawi. There is an investor in the blockchain space <a href="https://cointelegraph.com/news/tribal-credit-taps-bitso-and-stellar-to-enable-cross-border-b2b-payments">named Mohamed Elkasstawi</a>.
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 <img src="https://s3.cointelegraph.com/uploads/2024-07/4df10931-d74b-4db0-be05-801ca75232fc.png" alt="" title="">
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 Source: <a href="https://x.com/Hamilton_RWA/status/1808894692601270619" target="_blank" rel="noopener nofollow">Hamilton</a>
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</figure>
Related: <a href="https://cointelegraph.com/news/btc-layer-2s-among-catalysts-bull-cycle-bitcoin-og-says">Bitcoin layer 2s among catalysts of this bull cycle, Bitcoin OG says</a>
<h3 id="bitcoin-layer-2s-take-off-as-layer-1-slows-down">Bitcoin layer-2s take off as layer-1 slows down</h3>
Tokenized real-world assets (RWAs), such as T-Bills, real estate, securities and similar financial instruments, can take part in the Web3 economy by being swapped, transferred and leveraged. They <a href="https://cointelegraph.com/news/why-tokenized-real-world-assets-are-soaring">have reached $8 billion</a> in total value locked. The U.S. Federal Reserve’s interest rate policy has made T-Bills competitive with stablecoin yields with a much lower risk.
Since 2023, the Bitcoin network has had three token standards. In addition, to Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>), Ordinals were introduced at the beginning of that year to enable the issuance of non-fungible tokens inscribed on satoshis. In April 2024, Runes was introduced to <a href="https://cointelegraph.com/news/did-bitcoin-runes-already-peak">enable the issuance</a> of altcoins directly on the Bitcoin blockchain.
The increased traffic on the Bitcoin network, leading to slower processing times and higher fees, has <a href="https://cointelegraph.com/news/bitcoin-defi-surge-stacks-l2-record-users">been a driver of</a> Bitcoin layer-2 development. The Bitcoin layer-2 <a href="https://cointelegraph.com/learn/what-is-the-lightning-network-in-bitcoin-and-how-does-it-work">Lightning Network was developed</a> to process BTC transfers faster than on layer-1.
Layer-2s also make it possible to carry out smart-contract dependent decentralized finance, so-called BTCfi, on the Bitcoin network.
HUST host Core DAO operates a layer-1 blockchain in addition to its BTC layer-2 solution. It has <a href="https://cointelegraph.com/news/core-dao-partners-with-bitget-and-mexc-to-launch-200m-ecosystem-fund">received support from</a> cryptocurrency exchanges from Bitget and MEXC.
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-layer2-sidechains-not-really-bitcoin-l2s/">‘Bitcoin Layer 2s’ aren’t really L2s at all: Here’s why that matters</a>

Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s

قائمة المحتويات

Cointelegraph

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