Originally published on: November 14, 2024
Stablecoin issuer Tether has launched an innovative real-world asset tokenization platform called “Hadron.” This platform is designed to empower businesses, asset managers, and even nation-states to create and manage digital asset tokens for various financial instruments.
With Hadron, users have the ability to tokenize a wide range of real-world assets, including stocks, bonds, stablecoins, loyalty points, and more. The platform also boasts robust Know Your Customer (KYC) and Anti-Money Laundering (AML) controls to ensure compliance and security. Paolo Ardoino, the CEO of Tether, expressed excitement about the platform, stating that Hadron will introduce “basket-collateralized products” that allow for the issuance of digital asset tokens for baskets of commodities or securitized assets.
The rise of tokenized assets is gaining momentum and is projected to reach $10.9 trillion by 2030, according to Gabor Gurbacs. Tether’s introduction of the Hadron platform aligns with its recent foray into energy and commodity-backed blockchain tokens, such as proposing a boron-backed token to the Turkish government and facilitating oil trading transactions.
Furthermore, Tether has expanded its stablecoin offerings by launching a dirham-pegged stablecoin for the UAE on the TON blockchain. The company reported significant profits in the third quarter of 2024, highlighting its growing presence in the digital asset space.
Discover more insights like this by subscribing to our Crypto Biz newsletter. Stay informed about key business trends in blockchain and crypto, from regulatory updates to startup innovations. Don’t miss out on valuable market insights and financial opportunities. Subscribe today!
