Tether, the issuer of the popular US dollar-backed stablecoin (USDT), has unveiled its new real-world asset tokenization platform called Hadron. This platform allows businesses, asset managers, and even nation-states to create and manage digital tokens for various real-world financial instruments.
Through Hadron, users can tokenize assets such as stocks, bonds, loyalty points, stablecoins, and other tangible financial assets. The platform integrates advanced Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, ensuring regulatory compliance. Tether CEO Paolo Ardoino highlighted Hadron’s mission to foster transparency and inclusivity, stating, “Hadron reinforces our commitment to building a more inclusive future, contrasting with traditional financial systems that often favor opaque, closed ecosystems.”
A standout feature of Hadron is its basket-collateralized products, which allow companies and governments to tokenize baskets of commodities or securitized assets. This innovation reflects growing interest in commodity-backed financial instruments, a trend influenced by the BRICS initiative to reshape global reserve assets like the International Monetary Fund’s Special Drawing Rights (SDR).
Hadron’s launch aligns with Tether’s broader efforts to expand its presence in the tokenized asset market. Estimates suggest the market for tokenized assets could grow to $10.9 trillion by 2030, positioning platforms like Hadron as key players in this transformation.
Earlier in October 2024, Tether proposed a boron-backed token to the Turkish government. With Turkey controlling 70% of the global boron supply—a mineral essential for products like glass and fertilizers—this initiative could establish a new precedent for commodity-backed digital tokens.
Tether also ventured into energy markets, using its stablecoin to finance a $45 million oil shipment involving 670,000 barrels of oil from the Middle East. Furthermore, the company launched a dirham-pegged stablecoin on The Open Network (TON) blockchain at the TON Gateway event in Dubai, reflecting its global ambitions.
In its Q3 2024 financial report, Tether revealed $2.5 billion in profits and total assets worth approximately $134 billion. As the company continues to innovate with platforms like Hadron, it solidifies its leadership in bridging traditional finance and blockchain technology.
Disclaimer: The information provided on CoinsLately is for informational and educational purposes only. CoinsLately does not provide investment, financial, or legal advice. The content on this site represents the opinions and views of the authors and should not be considered as professional financial advice.
Cryptocurrency investments are highly speculative and involve substantial risk. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. CoinsLately and its authors are not responsible for any financial losses or damages incurred as a result of the information provided on this site.
