Business
HAMILTON Labs has secured a strategic investment from AXIAN Investment to accelerate the expansion of its dollar-backed stablecoin, USDh, across Africa.
The investment amount was not disclosed. It marks AXIAN Investment’s second investment in stablecoin infrastructure, underscoring its growing confidence in digital financial services across emerging markets.
The funding will support Hamilton’s integration with fintech platforms to provide African consumers and businesses with easier access to dollar-denominated savings products.
Hamilton’s co-founder and Chief Executive Officer, Mo Kasstawi, said access to stable dollars and reliable savings tools remained limited for millions of Africans.
Kasstawi said Hamilton’s permissionless stablecoin, USDh, was designed to expand access to global financial infrastructure and help users protect and grow their savings regardless of location.
According to him, USDh is pegged one-to-one with the U.S. dollar, fully redeemable, and provides access to sovereign yield opportunities that have traditionally been available only to institutional investors.
He noted that the opportunities are linked to the global sovereign debt market, valued at more than $100 trillion.
Chief Executive Officer of AXIAN Financial Services, Hassane Muhieddine, said the investment aligned with the company’s commitment to promoting financial inclusion through digital asset technologies.
Muhieddine said digital asset currencies remained an important tool for expanding access to secure, accessible and rewarding financial services across Africa and beyond.
AXIAN Investment has supported 33 startups and participated in 38 investment funds, contributing to entrepreneurship and innovation across the African continent.
Tags: Africa’s expansion Axian backing Hamilton labs
