“We Got Funded!” Egyptian Fintech Hamilton Labs Secures Investment from AXIAN to Boost Dollar Access Across Africa
Through USDh, Hamilton connects emerging markets with sovereign yield opportunities, usually reserved for large investors.
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Egyptian financial infrastructure provider Hamilton Labs has secured investment from AXIAN Investment, the venture arm of pan-African conglomerate AXIAN Group, to scale its digital dollar stablecoin, USDh, across African markets.
The financial terms of the deal were not disclosed.
“For millions of people in Africa, access to stable dollars and reliable savings tools remains limited,” said Mo Kasstawi, co-founder and CEO, Hamilton Labs. “We believe programmable dollars like USDh can expand access to global financial infrastructure and help people protect and grow their savings regardless of where they live.”
Hamilton Labs’ USDh is pegged 1:1 to the US dollar and fully redeemable. Through USDh, Hamilton connects emerging markets with sovereign yield opportunities, usually reserved for large investors.
Egyptian financial infrastructure provider Hamilton Labs has secured investment from AXIAN Investment, the venture arm of pan-African conglomerate AXIAN Group, to scale its digital dollar stablecoin, USDh, across African markets.
The financial terms of the deal were not disclosed.
“For millions of people in Africa, access to stable dollars and reliable savings tools remains limited,” said Mo Kasstawi, co-founder and CEO, Hamilton Labs. “We believe programmable dollars like USDh can expand access to global financial infrastructure and help people protect and grow their savings regardless of where they live.”
Hamilton Labs’ USDh is pegged 1:1 to the US dollar and fully redeemable. Through USDh, Hamilton connects emerging markets with sovereign yield opportunities, usually reserved for large investors.
