On November 14, Tether launched Hadron, a new platform aimed at tokenizing assets for institutions, corporations, fund managers, and governments.
Expanding Tokenization to Diverse Asset Types
Hadron enables clients to tokenize a range of assets, including stocks, bonds, stablecoins, and loyalty points. According to Tether, the platform simplifies asset issuance, management, and investment by incorporating regulatory and security frameworks. Tokenization creates digital versions of real-world assets on the blockchain.
Tether’s Vision for Accessible Tokenization
Tether CEO Paolo Ardoino emphasized Hadron’s role in making asset tokenization accessible. He stated, “By leveraging all Tether’s technology – which today has already secured 125 billion dollars – we’re making asset tokenization easier, secure, and scalable. Our goal is to create new opportunities for businesses and governments, while also making the digital asset space more accessible and transparent.” He added that while traditional finance often fosters closed systems, Hadron seeks to build a more open financial future.
Comprehensive Product Offerings
Hadron offers full control over token life cycles, allowing issuers to manage aspects like issuance and burn mechanisms. This feature enables clients to tokenize assets such as art, equities, and loyalty points.
Prioritizing Compliance and Security
To enhance security and ensure compliance, Hadron includes tools like Know-Your-Customer (KYC), Anti-Money Laundering (AML), Know-Your-Transaction, and risk management. It also offers blockchain monitoring across centralized exchanges. Hadron operates on multiple smart-contract-enabled blockchains, including Bitcoin layer-2 solutions like Blockstream’s Liquid.
Tether’s Growing Reach in Finance
Hadron’s launch represents Tether’s latest move to expand within the financial sector. The company’s Tether Trade Finance division recently facilitated a $45 million oil transaction in the Middle East using its Tether USD (USDT) stablecoin.
Tether has also introduced a wallet development kit for Bitcoin (BTC) and USDT, targeting developers and AI-based applications. These efforts leverage Tether’s recorded $7.7 billion in profits, showcasing its commitment to growth and innovation.
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