Tether unveils Hadron for tokenizing real-world on blockchain

Source Cryptopolitan

Stablecoin leader Tether has unveiled Hadron, a tokenization stage, as demand for tokenized financial instruments on decentralized networks surges. This platform allows firms, asset managers, and nation-states to issue and manage digital asset tokens for real-world financial instruments.

According to the announcement, Hadron enables users to tokenize various assets, from stocks and bonds to stablecoins and loyalty points, highlighting robust Know Your Customer (KYC) and Anti-Money Laundering (AML) controls. 

The platform includes tools for issuing and managing the entire life cycle of tokenized assets, streamlining asset tokenization for individual and institutional investors alike. 

Hadron by Tether revolutionizes asset tokenization, enhancing liquidity and global impact

Asset tokenization converts ownership rights of physical assets into digital tokens on a blockchain. These tokens can represent fractional or full ownership, allowing easier trading in digital markets and offering increased liquidity, transparency, and accessibility.

Paolo Ardoino, CEO of Tether, commented on the development, saying:

While traditional finance institutions have always pushed for closed ecosystems that are opaque to citizens, Hadron by Tether reinforces our commitment to build a more inclusive future. We’re making asset tokenization easier, safer, and scalable.

~Paolo Ardoino

Hadron facilitates tokenizing digital securities, including equities, bonds, and funds; fiat-pegged and commodity-backed stablecoins; and Alloy by Tethered Assets. According to Tether’s website, Tethered Assets are designed to track reference assets using stabilization strategies like over-collateralization and secondary market liquidity pools.

Hadron will also feature “basket-collateralized products,” enabling nation-states and corporations to issue digital tokens backed by baskets of commodities or other real-world securitized assets.

Interest in baskets of commodities and fiat currencies has surged, especially as the BRICS coalition considers reforming the International Monetary Fund’s Special Drawing Rights (SDR)—a global reserve asset comprising a mix of five major fiat currencies.

Tether expands its focus on energy, commodities, and new stablecoins

Tether’s launch of the Hadron tokenization platform aligns with the company’s expanding focus on energy and commodity-backed blockchain tokens.

In October 2024, Tether proposed a boron-backed token to the Turkish government, leveraging Turkey’s control over about 70% of the global boron supply. This mineral is critical for numerous industries, including fertilizers, household cleaners, and glass production.

The company also made a significant move into oil trading that same month, with a $45 million transaction to fund the transport of 670,000 barrels of oil from the Middle East using its USDT stablecoin.

In addition, at the TON Gateway event in Dubai, Tether unveiled a new dirham-pegged stablecoin linked to the national currency of the United Arab Emirates (UAE) on the Open Network (TON) blockchain.

According to an October 31 financial report, Tether reported $2.5 billion in profits for Q3 2024 and disclosed that its total assets reached approximately $134 billion.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Author  Beincrypto
Dec 17, 2024
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
placeholder
Gold selling pressure persists as traders lock in profits ahead of US NFP reportGold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.
Author  FXStreet
Jan 08, Thu
Gold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.
placeholder
Silver Price Forecasts: XAG/USD extends its reversal below $76.00Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
Author  FXStreet
Jan 08, Thu
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
placeholder
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple — BTC, ETH and XRP defend key support as rebound scenario stays in playBTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
Author  Mitrade
Yesterday 09: 05
BTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
placeholder
Bitcoin Trader Sticks to $76K Target as Early 2026 Rebound Loses MomentumBitcoin's recovery is in jeopardy with bearish predictions dominating sentiment as traders cite ongoing resistance and technical patterns hinting at further declines.
Author  Mitrade
Yesterday 08: 31
Bitcoin's recovery is in jeopardy with bearish predictions dominating sentiment as traders cite ongoing resistance and technical patterns hinting at further declines.
goTop
quote