Tether, the market's largest stablecoin issuer, has just introduced Hadron, a platform for tokenizing digital and real assets (RWA), amid the growing trend of tokenizing financial instruments on decentralized networks.
Hadron allows users to tokenize a wide range of assets, from stocks and bonds to stablecoins and rewards points, Tether announced Thursday. The platform also provides tools to support the issuance and management of the entire lifecycle of digital tokenized assets, aiming to simplify the process of tokenizing assets for both individual and institutional investors.
Tokenization of real assets is the process of converting ownership of physical assets into digital tokens on the blockchain. These tokens represent partial or full ownership of the assets, making them easier to buy, sell, and trade in digital markets, while providing greater liquidity, transparency, and accessibility.
Tether CEO Paolo Ardoino said in the announcement that traditional financial institutions have always maintained closed ecosystems and lacked transparency to the public. “By leveraging Tether’s technology, which has already secured $125 billion, we are making the tokenization of assets easy, secure, and scalable,” he said.
Hadron supports tokenization of digital securities such as stocks, bonds, and funds; fiat- and commodity-backed stablecoins, and assets from Alloy by Tethered Assets. These Tethered Assets track the value of the reference asset through stabilization strategies, including overcollateralization with “liquid assets and secondary market liquidity pools.”
The company also plans to provide tokenization services for digital asset-backed tokens, including products backed by a basket of assets.
Currently, the platform is serving a number of organizations in its testing phase and the Tether team is also in discussions to partner with a number of developing countries.
Tether's platform not only supports asset issuance and burning, capital market management, but also complies with Know Your Customer (KYC), anti-money laundering (AML) and other regulatory requirements, according to the company's statement.
The launch of Hadron comes amid a boom in tokenization of real assets. The total value locked (TVL) of tokenized real assets reached $6.591 billion, up about 12% year-over-year, according to data from DeFiLlama.
Hadron is just one of many crypto-native companies looking to dominate the tokenized real-estate market.
In early October, Midas launched two tokenized investment products based on mTBill and mBasis. Around the same time, Elmnts, a tokenized investment platform for funds backed by mineral asset rights, also launched on Solana.
Additionally, the Ondo Finance (ONDO) protocol has started adopting the tokenized money market fund BlackRock USD Institutional Digital Liquidity Fund (BUIDL) for its derivatives products since earlier this year.
Source: https://tapchibitcoin.io/tether-ra-mat-hadron-giua-con-sot-token-hoa-tai-san-thuc-tri-gia-65-ty-usd.html
