Tether, the company that issues the U.S. dollar stablecoin USDT, announced on Thursday the launch of an asset tokenization platform, Hadron by Tether, with the goal of simplifying the tokenization of assets ranging from stocks to bonds, stablecoins, loyalty points, and more.
According to the press release, Hadron by Tether aims to provide multiple asset types, including common tokenization products such as fiat-pegged or commodity-backed stablecoins, as well as more complex solutions such as digital asset-backed tokens, to provide national and providing businesses with powerful new tools that unlock alternative financing and capital markets opportunities. Tether told (The Block) in an interview: "Even land, precious art or jewelry (such as watches and other luxury goods) can be tokenized."
Hadron by Tether brings together the technology and know-how the company has built over the past decade on a single platform with the aim of making asset tokenization more accessible than ever. Tether said that Hadron by Tether provides an intuitive platform for issuing and managing the full life cycle of digital tokenized assets, and provides a complete set of tools to help users achieve security and safety in the process of asset tokenization. Compliance, such as blockchain reporting and anti-money laundering (AML) compliance tools. Additionally, clients will always retain full control over their tokens.
Hadron by Tether is Tether's new platform as a service that encapsulates all tokenization tech that Tether built in the last 10 years in a product available for institutionals and professionals.With Hadron, customers can issue and manage the full life-cycle of:– stablecoins… https://t.co/Z5kZsJZDoi
— Paolo Ardoino (@paoloardoino) November 14, 2024
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