Hamilton Labs has secured an undisclosed strategic investment from AXIAN Investment to accelerate the rollout of its dollar-pegged stablecoin across Africa, the companies said.
The funding will support the integration of Hamilton’s USDh stablecoin into fintech platforms, targeting consumers and businesses seeking access to dollar-denominated savings in markets where local currencies are often volatile.
The investment marks AXIAN Investment’s second bet on stablecoin infrastructure, underscoring growing investor interest in blockchain-based financial rails in emerging markets.
“For millions of people in Africa, access to stable dollars and reliable savings tools remains limited,” said Mo Kasstawi, co-founder and chief executive of 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’s USDh is a permissionless stablecoin pegged one-to-one with the U.S. dollar and designed to be fully redeemable. The company says the product connects users in emerging markets to sovereign yield opportunities typically available only to institutional investors, within a global sovereign debt market estimated at more than $100 trillion.
AXIAN Investment, the venture arm of AXIAN Group, said the deal aligns with its strategy of backing digital financial solutions that can broaden access to financial services.
“We believe digital asset currencies remain a key lever to support financial inclusion in Africa and beyond,” said Hassane Muhieddine, chief executive of AXIAN’s Financial Services cluster.
AXIAN Investment has backed 33 startups and participated in 38 investment funds, positioning itself as an active investor in Africa’s growing fintech ecosystem.