Hamilton Introduces Tokenized US Treasury Product on Bitcoin Layer-2: HUST Launched

IconCryptoNewsTerminal Staff04 Jul, 2024

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Hamilton Introduces Tokenized US Treasury Product on Bitcoin Layer-2: HUST Launched

Hamilton, a cryptocurrency startup, has launched a tokenized U.S. Treasury product called Hamilton U.S. T-Bills (HUST). This innovative product is built on the Bitcoin layer-2 blockchain, marking a significant milestone in the convergence of traditional finance and decentralized technology. HUST is available on Stacks (STX), Bitcoin Core, and the BTC layer-2 network Bob (Build On Bitcoin). This pioneering offering allows investors to access tokenized Treasury bills on the BTC layer-2 network for the first time. By leveraging the benefits of layer-2 technology, HUST provides faster transaction speeds and lower costs compared to the Bitcoin main chain. The launch of HUST aligns with the growing trend of institutional adoption of digital assets. By providing a bridge between traditional finance and the burgeoning world of cryptocurrencies, Hamilton is opening up new avenues for investors seeking exposure to U.S. Treasuries within the decentralized finance ecosystem.

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