In a move that shows growing interest in digital financial solutions within emerging markets, Hamilton Labs has attracted a new investment from AXIAN Investments, the investment arm of Axian Group. The value of the investment wasn't disclosed, but it's set to support Hamilton Labs' plans to expand the reach of its stablecoin, USDh.
Dollar-Denominated Savings Tools
This investment will help the company offer dollar-denominated savings tools through a blockchain-based infrastructure. This opens up opportunities for individuals and businesses—especially in Africa—to access more stable and efficient financial alternatives.
This marks AXIAN's second investment in stablecoin infrastructure, clearly showing that investment firms are increasingly convinced about how important this sector is. They see it as a key driver for boosting financial inclusion and improving traditional financial systems.
FinTech Platforms
With this new funding, Hamilton Labs aims to speed up its integration with FinTech platforms. This will allow them to offer dollar savings solutions to a wider range of users, especially in markets where access to hard currencies and safe investment tools is limited.
Mohamed El-Kastawi, Co-founder and CEO of Hamilton Labs, mentioned that getting access to the dollar is still a challenge for millions of people in Africa. He stressed that programmable stablecoins like USDh could be a game-changer in expanding access to global financial infrastructure, helping users protect and grow their savings.
USDh is pegged to the US dollar at a 1:1 ratio and can be fully redeemed. This lets users benefit from sovereign yield opportunities, which historically were only available to large investment institutions, within the global sovereign debt market that's worth over $100 trillion.
Hassan Mohieddin, CEO of Financial Services at AXIAN, confirmed that this investment fits into the group's strategy to support innovation in FinTech. He noted that digital currencies are a crucial tool for empowering individuals and boosting financial inclusion both within and outside Africa.
It's worth noting that AXIAN Investments has supported 33 startups so far and participated in 38 investment funds. This highlights its growing role in boosting the entrepreneurial environment and supporting financial innovation across the African continent.
Related editorial
MIS Teams Up with Saudi Fransi Capital to Power Up Saudi Arabia's Data Centers
MIS (Al Moammar Information Systems) and Saudi Fransi Capital are joining forces to explore building three major new data centers in Riyadh, Dammam, and Jeddah. MIS will handle the development, design, and management of these facilities, which aim to add a significant 48 megawatts of capacity to Saudi Arabia's digital infrastructure, supporting the nation's digital transformation goals.
REVYN Launches UAE's First Resale Platform with No Seller Fees
Get ready for REVYN, a new platform now live in the UAE on iOS and Android! It lets users easily buy and sell pre-owned items directly. What's really cool is that sellers pay absolutely no commission, making it the first model of its kind in the UAE market and a big win for sustainable living.
Paymob and UnionPay Team Up to Expand Digital Payments Across Egypt, Boosting Global Connections
Exciting news for Egypt's digital payment landscape! Paymob and UnionPay have joined forces to significantly expand UnionPay card acceptance at over 160,000 locations across the country. This fantastic partnership is set to make cross-border payments smoother, giving a big boost to tourism and digital commerce in Egypt.
FRA Dispels Rumors: Non-Banking Financial Companies' Branches Remain Open
The Financial Regulatory Authority (FRA) has debunked recent social media rumors claiming the closure of non-banking financial company branches. The FRA clarified that the decision being circulated is an old one, dating back to October 2025, and specifically does not apply to the non-banking financial companies mentioned in the rumors. The authority assures the public that the sector is operating as usual.