Hamilton, a real-world asset (RWA) tokenization startup, has tokenized US Treasury bills on Bitcoin Layer 2 solutions. This move aims to connect traditional finance with the Bitcoin ecosystem.

The company launched its tokenized Treasury bills on July 4, 2024. Yes, right on the Independence Day, which was probably not a coincidence, but who knows.

The new tokens, called Hamilton U.S. T-Bills (HUST), are available on three platforms: Stacks, Core, and BoB. These are all Bitcoin Layer 2 solutions. Hamilton will soon offer HUST on its own platform as well.

The RWA market is growing rapidly. Boston Consulting Group projects that creating digital tokens for tangible assets on blockchain platforms will reach $16 trillion by 2030.

Tokenized assets offer several benefits. They can be easily exchanged and used in DeFi protocols. They also improve interoperability between traditional and digital assets. A kind of a bridge between the worlds.

Brendon Sedo, an initial contributor to Core DAO, commented on the development. "Tokenizing US Treasury bills on the Core Chain contributes to the convergence of traditional monetary systems with Web3," he said.

Alexei Zamyatin, Co-founder of BoB, highlighted the potential of this move, he stated that tokenizing US Treasury bills on BoB combines the strengths of Bitcoin and Ethereum networks.

Hamilton's CEO and Co-founder, known as Kasstawi, called the move historic. "Blending US Treasury bills with Bitcoin's secure and open source nature is a step towards freedom from financial oppression," he said.

This development represents a significant step in the RWA tokenization space. It bridges the gap between traditional finance and the cryptocurrency world.

RWA tokenization is a growing trend in the blockchain industry. It involves creating digital representations of real-world assets on a blockchain. Examples include tokenized real estate, commodities, and now, government securities. This process can increase liquidity and accessibility for traditionally illiquid assets.