The new tokenized assets offer the stability of the Bitcoin network with admirable yield.
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.
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 statement.
The use of Bitcoin layer-2 decentralized finance 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: