US Treasury Bonds Now Tokenized on Bitcoin’s Layer-2 Solutions

Summary:

Hamilton, a cryptocurrency startup, has launched the first US Treasury bonds tokenized on Bitcoin layer-2 solutions, specifically on the Stacks, Core, and BoB platforms. The first transaction took place on July 4, 2024, marking a significant milestone in decentralized finance (DeFi) and the tokenization of real-world assets (RWAs).

The adoption of Bitcoin layer-2 solutions has improved network scalability and functionality, enabling faster and cheaper decentralized finance transactions through smart contracts. This innovation offers a secure and transparent financial environment by combining the stability of Bitcoin with the reliability of the US dollar.

Tokenized RWAs, including Treasury bonds, real estate, and financial instruments, are gaining traction in the Web3 economy, with a total locked-in value of USD 8 billion. Innovations like Bitcoin Ordinals and Runes have increased network traffic, necessitating layer-2 solutions like the Lightning Network for faster transactions.

Hamilton’s project, supported by prominent crypto exchanges such as Bitget and MEXC, represents a significant advancement in the adoption of blockchain technology in finance, providing new opportunities for investors and enhancing financial independence.